Core values of microfinance under scrutiny: Back to basics?

Abstract

During the past decade, what has for a long time been called microfinance (henceforth MF) has changed in a fundamental way. The reality of MF has changed, the terminology has changed, the discourse about microfinance has changed, the reputation of MF with the general public has changed, and last but certainly not least the ethical foundations of MF have also begun to change.