Articles authored by Rahman, M. Lutfor


The interchangeable use of the terms microcredit and microfinance creates serious confusions and misunderstandings in both academic and policy discourses. Microcredit programmes provide mainly one kind of service, namely loan distribution and collection, while microfinance programmes provide several financial and organisational services including credit, savings, insurance, and community development. From the functional perspective, differences appear more semantic than substantive.