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Global connections influence economics
Latin America Initiative | Journal
Microfinance—On the Road to Capital Markets
A relatively new set of financial services called “microfinance” provides what appears to be a sustainable way of supplying access to capital to the poor. This article provides a brief history of microfinance, discusses the ongoing integration of microfinance institutions into the global capital markets, and surveys the challenges that now confront these organizations in becoming sustainable enterprises with social as well as commercial objectives.
Henry González March 12, 2007