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As a result, some microfinance outfits collapsed.
Microfinance outfits have filled some of the gap.
INTEREST on the minuscule loans made by microfinance outfits has always been high, but over the past few years it has become even higher.
This year, loan applications at many of the country's 362 microfinance outfits, some of which have been quietly operating since the 1980s, have more than doubled.
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Supporting the wrong microfinance outfit may fail to reduce poverty or produce financial returns.
Outfits such as Kiva, a marketplace for microfinance, and DonorsChoose.org, which lets people give to projects in American schools, are thriving by providing charitable donors with more information about the exact use of their money.
Outfits like the Asian Development Bank and the Inter-American Development Banaturala natural fit between remittances and microfinancing.
Microfinance has grown even faster.
Microfinance was having a moment.
Microfinance loans – or microcredit – are small.
The best case is microfinance.
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