When financial products aren't being created to avoid regulatory constraints, financial services are development tools. Being profit seeking is not incompatible with poverty reduction. Financial services are catalysts for wealth creation.
Clement
---In MicrofinancePractice@yahoogroups.com, <chalespinosa@...> wrote :
---In MicrofinancePractice@yahoogroups.com, <chalespinosa@...> wrote :
Microfinance is not a development tool, it was originally sold as a way to reduce poverty and is not. The MF sector is another financial intermediary, profit driven, that competes with moneylenders in providing liquidity to its clients at interest rates that are higher than the regulated financial intermediaries and lower that moneylenders and are commensurate with risk taken.
Its a financial business.
Chale Espinosa A
E-Mail: chalespinosa@...
E-Mail: chalespinosa@...
chalespinosa@...
BienesRaicesNicaragua@...
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Posted by: clementwan@yahoo.com
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