In 2013, we ran a detailed household survey in Cape Verde. We were interested in studying how access to finance influences the behaviour of beneficiaries in the labour market.

Not so long ago the international development community felt it had found an answer to Africa's long-standing poverty problem: the microcredit model. Many microcredit programs were launched in the 1990s with the aim of reducing poverty by promoting a local microenterprise development trajectory that would transform Africa 'from below'.

The following post was originally published on the Center for Financial Inclusion Blog