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Another planned 573 micro-lending firms are in the pipeline, including Kiva, a San Francisco based individual on-line micro lending NGO, which is planning to set up overseas branches in China.
The S.B.A. does have a micro lending program that will provide amounts up to thirty five thousand dollars.
By keeping costs down and building up scale, it reckons micro lending is at least as profitable as its other services.But competition among banks is growing.
In micro lending, the jury is still out.
An important difference between micro lending and micro insurance is micro insurance's need for large volume, says Neil Doherty, a Wharton professor of insurance and risk management.
One part of the solution lies in lessons from micro lending, which is further up the evolutionary curve, say development experts.
Similar(50)
They did a good job in their micro-lending, but the changes now may be too little, too late".
The day she entered the hospital she gave a speech urging women to carry on her campaign for micro-lending.
At the other end of the spectrum, Muhammed Yunus first turned to women to promote micro-lending.
Micro-lending, by micro-finance institutions or by self-help groups (in which borrowers club together to provide collateral), is increasing.
Part of the answer comes from Mr Stack, who values the EBRD less as a shareholder and more as the provider of two free experts on micro-lending.
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