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The future of microfinance sector, as such, is not dark.
He is currently working on the creation of a vibrant microfinance sector in South Sudan.
"Career Dynamics and Gender Gaps among Employees in the Microfinance Sector". May 2017.
The microfinance sector continued to grow, despite — and in some places because of — the widening credit crisis.
Omidyar sees himself as an agent of global change — in this case, the commercialization of the microfinance sector.
SKS's financial problems are the latest in a string of bad news for the once-celebrated microfinance sector.
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Its rating service, PlaNet Rating, analyses microfinance sectors in individual countries.
Concord, the European confederation for relief and development, said that while it welcomed moves to support the informal and microfinance sectors and empower female entrepreneurs and workers, the activities of private companies would need careful and constant scrutiny.
"They are very quick to recognise the benefits," says Sheldrick, listing e-commerce and microfinance as sectors that are in dire need of addresses.
In contrast, in Bangladesh, the home of microfinance, an NGO sector has been built up to the detriment of state capacity: as finance is circulated through the "big four" microfinance institutions (Grameen Bank, BRAC, ASA and Proshika) into informal microenterprises with no growth potential, the SME sector remains almost non-existent.
That's why microfinance needs private-sector capital.
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