While microcredit has experienced impressive growth rates in the past decade and has been widely lauded for its potential in economic development, it is questionable whether it is able to overcome this problem by itself. Proponents of microfinance have long been arguing that there is a large unmet demand for small-scale loans in developing countries. Robinson (2001) argues that in the poor world, there might be as many as billion people in 360 million households who would have demand for microfinance products as well as the ability to serve a loan but do not have access to such services.
