In recent years, microcredit has gained enormous success in reducing poverty on a global scale. As an efficient financial mechanism, microcredit empowers various impoverished people across communities and cities and enriches them with small loans/or set/employment projects that generate income,...

Microfinance programs and institutions are increasingly important in development strategies but knowledge about their impacts is partial and contested. This paper reviews the methodological options for the impact assessment (IA) of microfinance. Following a discussion of the varying objectives...