This post originally appeared on the Wokai blog on January 7, 2009.  I think the article I’ve referenced is the best summary of the challenges facing China’s microfinance sector, and I highly recommend it to anyone interested in the field.

I just came across this excellent article from China International Business that gives a concise overview of the current state of microfinance in China.  Jonathan Haagen profiles PlaNet Finance’s work with the Ningxia Yanchi County Association for the Advancement of Women, which Casey and Courtney have visited, and quotes Wokai alumna Kira Dubas.

The article addresses the main tensions in the field of microfinance: individual success stories vs. macro impact, poverty alleviation vs. commercial viability, large loan sizes vs. vast local outreach, etc.

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