The Market-led Microfinance Project or MicroSave started in 1998 as a four-year project funded by the Financial Sector Deepening Kenya (FSD Kenya) or the Department for International Development (DFID), the Consultative Group to Assist the Poor (CGAP), the Austrian Development Agency (ADA) and the Norwegian Agency for Development Cooperation (NORAD). MicroSave was converted into a commercial service-providing organization after its final phase (2004–2007). This paper assesses the performance of its final phase and overall experience over nine years. It also highlights the achievements of the project and the lessons learned, and critically analyzes the strategy employed for the development of MicroSave.



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