Over the past two decades, institutions that make micro loans to low-income borrowers in developing and transition economies have focused increasingly on making their lending operations financially sustainable by charging interest rates that are high enough to cover all their costs. They argue that doing so will best ensure the permanence and expansion of the services they provide. Sustainable (i.e., profitable) microfinance providers can continue...
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2009/02/01
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Documento de Trabalho (Série Numerada)
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47957
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1
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1
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2010/07/01
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Disclosed
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The new moneylenders : are the poor being exploited by high microcredit interest rates?
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Access to Finance
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