The shifting paradigm in microfinance — the case of Get Ahead's Stokvel Lending Programme
high for the portfolio size. By 1996 the programme had nearly 10 000 active borrowers and an annual loan loss rate of less than 3 per cent. Cost ratios and staff morale have significantly improved. Get Ahead's shift to the new paradigm in microfinance, while not complete, provides some interesting
lessons for the microfinance community.