Microfinance Struggles with UK Growing Pains

Nov 2011
London, United Kingdom, November, 14 2011 - Microfinance - lending small amounts to poor individuals in the developing world - has been proclaimed as a worthy cause but has struggled to make an impact with big UK investors.However, despite the concept coming under attack, its proponents have not given up trying. Pension funds in the Netherlands, the US and Switzerland have committed capital to the idea, and worldwide the amount invested has grown from $705m to $4.7bn in the past five years.

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Source : Financial News

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