Description
Given how few NGOs fall into the 'successful' category and how few have AKRSP's resources and institutional resources, AKRSP's relative failure to promote successful microenterprises in the NAs of Pakistan is a clear sign of the limits of microfinance success. While microfinance may well provide hope for poverty alleviation and improving social welfare indicators, it cannot provide all of the conditions necessary for sustainable economic development and long-term success for the poor.
The limits of success? AKRSP, microfinance and economic development in Pakistan’s northern areas
Given how few NGOs fall into the 'successful' category and how few have AKRSP's resources and institutional resources, AKRSP's relative failure to promote successful microenterprises in the NAs of Pakistan is a clear sign of the limits of microfinance success. While microfinance may well provide hope for poverty alleviation and improving social welfare indicators, it cannot provide all of the conditions necessary for sustainable economic development and long-term success for the poor.