Indeed, microfinance has firmly established a track record across our country for nurturing successful microentrepreneurs who have attained financial security for themselves and their families. Equally important, microentrepreneurs serve as catalyst for development in their respective communities. What triggered the mainstreaming of microfinance in our country?
Well, to put it briefly, it resulted from the convergence of the need to find ways to liberate millions of our entrepreneurial poor from the cycle of poverty; innovations, of course; and the willingness of key stakeholders to adopt new ways of doing business.