By Lyel Resner, KF11 Peru
With its bottom-up approach to development, and significant demonstrated success in places like Bangladesh, microfinance has begun to emerge as an increasingly popular development model. The surprisingly strong ability of much of the world´s working poor to meet their credit obligations has also brought attention to microfinance as an attractive investment vehicle. The result has been an explosion of microfinance providers across the developing world, and a fast-blurring line between and strictly profit-seeking and more social- oriented...
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