Plug pulled on the Microfinance Management Institute?

Rappaport is not the only investor pulling the plug these days. It is rumoured that George Soros’ Open Society Institute is pulling funding to the Microfinance Management Institute, which to all the world looked like a successful programme. Created by OSI and the World Bank’s Consultative Group to Assist the Poor (CGAP) in 2004, the Institute’s goal was to bring together organizations providing microfinance education to improve the quality of the curriculum and ultimately of MFIs. Both MFMI’s network and the curriculum resources grew very rapidly, but apparently OSI/CGAP define success differently.