The belief in the credit-based collective model has failed to explore the impact of microcredit beyond its immediate project environment and how resources are politically invested by the groups in a given sociocultural context. There is an inadequate understanding as to how the discourse on empowerment through microcredit is framed by different actors and what the trade-offs are between different dimensions of empowerment. Limited attention is paid to the role of various institutions - local and national - on microcredit and women's empowerment.