President Guebuza's own micro-credit program: Development failure and political success

Abstract

In 2007, two years after he took power, the President of Mozambique Armando Guebuza launched one of his Presidency’s principal initiatives: The micro-credit programme widely known as the “7 million”. Whereas the programme appears to have secured the President some significant political scores, it does by now look to be a development failure. (Published in the bulletin of the Portuguese Institute of International Relations and Security, IPRIS)