Is micro financing good?

Is micro financing truly a beneficial solution for financial inclusion and poverty alleviation, or are there potential drawbacks and limitations that need to be considered? While it can provide access to credit for those who might not otherwise qualify, could it also lead to debt traps and unsustainable borrowing practices? Additionally, how effective is it in truly empowering low-income individuals and communities to build long-term financial stability and prosperity? Let's explore the pros and cons of micro financing to gain a more comprehensive understanding of its impact.