Purpose – The extent to which microfinance succeeds varies greatly even among countries. The paper aims to look at why microfinance develops in some countries rather than others. It aims to identify institutional factors that can be introduced to enable microfinance to succeed in a country....

Microcredit as a response to a wicked problem responsibility for wicked problems -- Institutional study of microcredit : successes and failures -- Innovations to make microcredit a more powerful tool -- Other micro products and services to attack the problem -- Concluding remarks on motivation...