We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …

extracted from the author's book “Poverty Traps and Microfinance: From Financial Inclusion to Sustainable Development,” Ibidem …A poverty trap is concerned with many possible different self-reinforcing mechanisms which cause misery to persist in a … vicious circle.Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one …

We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …