Failure by Design The Rise and Fall of a Microfinance.docVIP

Failure by Design: The Rise and Fall of a Microfinance Institution in Zambia – a case of Pride Zambia June 2011 Juliana Siwale and John Ritchie Abstract Contemporary microfinance has been taken to task over a number of possible failings. At the same time insight into grassroots microfinance institution (MFI) failure is lacking. To that end this paper seeks to articulate and explain different stakeholder narratives about how a once promising Zambian microfinance institution actually failed while seeking to become a for-profit MFI. There are presently few in-depth studies of failed MFIs in th