Rebecca Mwanza inspects a hammer-mill. Credit: Lewis Mwanangombe/IPS
ZAMBIA: Making the Most of Limited Capital
LUSAKA, May 18, 2011 (IPS) - Proponents of microfinance often portray it as the empowering extension of credit to vulnerable but diligently self-employed poor people - often women - who support each other to improve their livelihoods as well as repay their loans. The image is true, to some extent, but in many parts of Africa, microfinance institutions have somewhat sharper teeth.