Current situation of microcredit

The success of the Grameen model has inspired similar efforts in other developing countries and even in industrialized countries like the United States. Many but not all micro credit projects, emulate Yunus's emphasis that the borrowers are women. Nearly 95 percent of Grameen Bank loans have been granted to women who suffer from poverty more pronounced and, to a large extent, are more likely to reverse their profits to serve the needs of the entire family.

The World Bank estimates there are about 7,000 micro finance institutions serve some 16 million poor people in developing countries. In November 2002, over 2,000 delegates from 100 countries gathered at the Micro credit Summit in New York, where he scored the goal to reach in 2005 to 100 million borrowers from the world's poorest families with credit for self-employment and other financial and business services. This objective has been supported by large financial institutions and major international leaders. The Economic and Social Council of the United Nations proclaimed 2005 the International Year of Micro credit.

However, the micro credit movement has received some criticism from those who think that some claim interest loan programs are too high. In addition, there are concerns that funds are used to derive other micro credit funds such as health, water supply programs, or educational. Credits can enable poor to improve their situation, but these loans do not eliminate other basic social infrastructure and services. Other problems that have criticized micro credit is the inability to help the poorest of the poor or the agency that is generated to micro credit.