A system to gauge whether loan recipients are escaping poverty an overhaul of the loan making system and a bold plan to use the infrastructure of microfinance to tackle other social woes are some of the ways that microfinance is evolving despite continuing criticism from those who doubt its effectiveness in the struggle against poverty. Alex Counts CEO of the Grameen Foundation and keynote speaker at the recent Wharton Social Impact Conference 2007 explained the progress that both the Grameen Bank and the Grameen Foundation are making in promoting entrepreneurship around the world.
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