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The impact of interest rate ceilings on microfinance (Russian)

Interest rate ceilings are found in many countries throughout the world. With the expansion of microfinance in developing countries, many legislators and the general public have found it difficult to accept that small loans to poor people generally cost more than normal commercial bank rates. Though meant to protect consumers, interest rate ceilings almost always hurt the poor.

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Citation

Duval,Ann

The impact of interest rate ceilings on microfinance (Russian). CGAP donor brief,no. 18 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/408481468139801213/The-impact-of-interest-rate-ceilings-on-microfinance