KF9 Ilmari Soininen UIMCEC, Thies, Senegal
Over the last four months working in microfinance in urban Senegal, I have come across many clients who report increased income thanks to their loans. Fishmongers, clothing salesman, taxi drivers, you name it. Indeed, this has come to be expected – put the capital into the entrepreneur’s hands and he will surely put it to the most efficient use, and help bring his family out of poverty.
Makes sense. But trying to tease out exactly by how much the client’s income has increased is not as straight forward....Continue Reading >>