Nowhere has the commercialization of microfinance proceeded more rapidly than in Latin America. A few years ago, microfinance was the exclusive domain of non-profit organizations and cooperative societies. Today, commercial banks provide 29 percent of the funds that go to micro-enterprises. This paper addresses the impact of commercialization on the strategy and performance of microfinance institutions (MFIs) in Latin America. It explores the key...
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2001/01/01
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Documento de Trabalho (Série Numerada)
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33462
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1
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1
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2005/09/06
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Disclosed
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Commercialization and mission drift : the transformation of microfinance in Latin America
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microfinance
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