Group Dynamics have been largely neglected when the impacts of microfinance on poverty reduction are assessed. This paper presents an analytical framework in which the study of group dynamics is central and new channels of impact effects on the individuals participating in microfinance schemes,...

As a response to many partial and over-simplistic theoretical and empirical studies, this paper presents a more comprehensive analytical framework for assessing the success of microfinance in achieving its dual objective of financial sustainability and poverty reduction. By giving centre stage...