Austin Harris, KF11 Rwanda
Microfinance institutes (MFI’s) and large, commercial banks have traditionally offered different loan products and catered to a different clientele. Most notably, MFI’s offer loans that are too small for large, commercial banks to consider. In addition, microloans are distinctly different from traditional bank loans in that commercial bank loans are typically secured and offered at interest rates that are lower than those of microloans. Recently, however, large banks have been venturing into the microfinance realm, offering small loans that...
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