What are the achievements of microfinance? Give examples?

According to the American Heritage dictionary (2000), achievement means something accomplished successfully through exertion, skill, practice and perseverance (Mifflin, 2000). In my research, achievement is used to see what microfinance have achieved in the course of providing loans to low income earners and how that has been very successful. In this sense, their achievement could be seen from how many people successfully got the loan and how they were removed from the poverty line. According to United Nations Millennium Development Goal (MDGs) microfinance is a strategy to change the life of the poor people in terms of generating revenue to cover the necessary cost and institutions meet the demand (United Nation, 2011). According to a review of documents, microfinance in Ethiopia has achieved a lot. Below are some of the achievements. 24  the poor have emerged as credit worthy clients  MFIs enable service with low transaction costs and without relying on collateral  ______ ________ _______ ____ ______ ___ ______ _______ __________ _________ _________ _____.
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