| Author | Message | ||
     Sanman Junior Artist Username: Sanman Post Number: 694 Registered: 08-2010 Posted From: 71.199.91.151 Rating: N/A |
just a wild guess. is there a license fee to start micro finance business ? i am not insecure. i dont need a group to oppose a lie. enemy of my enemy is not my friend | ||
| Guttonkay Side Hero Username: Guttonkay Post Number: 7553 Registered: 05-2008 Posted From: 148.87.67.137 Rating: N/A |
http://www.nytimes.com/2010/11/18/world/asia/18micro.html?_r =1&hp The region’s crisis is likely to reverberate around the globe. Initially the work of nonprofit groups, the tiny loans to the poor known as microcredit once seemed a promising path out of poverty for millions. In recent years, foundations, venture capitalists and the World Bank have used India as a petri dish for similar for-profit “social enterprises” that seek to make money while filling a social need. Like-minded industries have sprung up in Africa, Latin America and other parts of Asia. some of the anger appears to have been fueled by the recent initial public offering of shares by SKS Microfinance, India’s largest for-profit microlender, which is backed by famous investors like George Soros and Vinod Khosla, a co-founder of Sun Microsystems. You are going to miss me while I am gone. |
