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Microfinance Grows Up: Success Brings New Challenges for Investors, Practitioners, in Emerging Economies
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******************************** Microfinance Grows Up: Success Brings New Challenges for Investors, Practitioners, in Emerging Economies http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1940 Microfinance -- the business of providing financial services in small transaction amounts to poor, underserved markets -- has taken off in recent years. With financial sectors in many developing countries maturing and microfinance institutions (MFIs) themselves growing rapidly, capital markets have been quick to enter the fray, providing ample funding for expansion. But microfinance's evolution in countries throughout Asia and Eastern Europe has cast a spotlight on changes now buffeting the industry as private investors arrive in force and traditional microfinance values are questioned.
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