Milford Bateman, the author of Why Doesn't Microfinance Work?, argues that microcredit offers only an "illusion of poverty reduction".
Professor Anu Muhammad of Jahangirnagar University in Bangladesh, a Marxist and critic of microcredit, claims that "according to different studies" which he does not name, "you cannot find more than 5-10 per cent people who could change their economic conditions through micro-credit."[REF] .