I just read an article about SKS, a seemingly profitable microfinance investment program that generates 20% returns fo investors. It also has a 99% on-time repayment rate. I'm not sure what their total repayment rate is. Read more about it here. The article is also a good review of the points for and against micofinance in general.
Great quote I think applies to capitalism in general as well as microfinance: "'There's an entrenched idea that you're either doing charity or you're making money and there's nothing in between," he said. "I'm trying to walk the middle ground.'"
Sunday, April 29, 2007
Profitable Microfinance
Posted by Ken at 2:48 PM
Labels: Economics, Microfinance, Society
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