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INTEREST on the minuscule loans made by microfinance outfits has always been high, but over the past few years it has become even higher.
On the for-profit side, it has invested in BlueOrchard Microfinance Securities, which packages loans made by microfinance institutions and sells them to institutional investors, and the Global Commercial Microfinance Consortium, an investment fund aimed at increasing the ties between banks and microfinance groups.
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Alimanovic's transformation to entrepreneur was made possible by microfinance-the lending of small sums to poor people who would otherwise be shut out of access to capital.
Why does Kenya lead the world in mobile money?M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash and thus making possible lower interest rates.
This article is based on the qualitative observations made by the researcher while implementing psychosocial support, livelihood development, microfinance and self-help group formation, health intervention projects, and so on.
It was a YouTube version of a documentary film made by a Dane and broadcast in Norway late last year about Yunus, Grameen Bank and microfinance generally that prompted the outcry against him.
Similarly, you can help entrepreneurs by making a microfinance loan through a non-profit.
"These things have made the international microfinance community hesitant [to make] further investments". The momentum of MFIs is, of course, ultimately driven by customers.
"These things have made the international microfinance community hesitant [to make] further investments".
For profit companies have made microfinance loans for years in India.
One fund is run by Grassroots Capital and makes traditional microfinance investments.
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