Sunday, April 29, 2007

Profitable Microfinance

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.'"


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