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Rethinking the Impact of Microfinance in Africa: 'Business Change' or Social Emancipation
European Journal of Development Research
This paper questions received wisdom that the benefits of microfinance start with poverty reduction and are subsequently followed by social emancipation. Taking the case of Uganda and by using a consensual people-centred relevance test to assess the impact of microfinance on poverty alleviation, microfinance is shown not to improve much the well-being of microfinance clients. Only marginal well-being gains are achieved by clients. However, a subsequent (gender) power relations analysis revealsdoi:10.1057/ejdr.2010.32 fatcat:jvztdjqjkra2hobix3uluxzmki