Generate text that refutes this claim: Deeper issues unresolved  Microfinance provides a quick-fix solution for the poor. The individual, or community, is provided with a loan to invest in their future. However, although access to capital is a key concern for enabling entrepreneurialism it is not the silver bullet. Microfinance schemes will fail without providing a stable political and economic environment that makes a good climate to invest in.  Microfinance is essentially short-termist. It encourages investment but only in things that will bring a quick return. With interest rates as high as 30% the person taking the loan needs to pay it back as quickly as possible. This can sometimes be against an individual’s long term interests, for example access to microfinance often reduces primary school attendance as this is a long term investment that will not pay back the loan money (IOE, 2011).
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Microfinance does not have to be short term financing. Because it is a community based loan that is based on trust if those wanting the loan can explain why they want a loan over the longer term then it is possible to get longer loans. Moreover long term investment should not be something those who are struggling day to day have to think about; such investments as education should be made by the government not relying on individuals to realise their long term interests. No one would argue that microfinance is the solution to a poor education system.