In primitive societies with a small range of goods, barter can work well enough, but as the range of goods expands, barter becomes increasingly inconvenient and costly. Several considerations have affected the evolution of commodity money itself--from cattle and grain toward shells and then bronze and ultimately to silver and gold.
Clearly, MOTY’s value goes beyond the incentives it provides deserving microentrepreneurs; it has also evolved as a vehicle for showcasing microfinance as a potent tool for poverty alleviation and microentrepreneurs as responsible, accountable and creditworthy bank clients. Ladies and gentlemen.