Profit

Microfinance gains popularity amid crisis

PUBLISHED ON: November 24, 2008 | Duration: 2 min, 25 sec

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One would imagine that the present economic crisis has made everyone wary of loans to subprime candidates, but counter-intuitively, almost the opposite seems to be the case. Microfinance is suddenly in the news following a $75 million investment in SKS, but for a segment that lends money almost exclusively to the subprime categories, how come the business is generating so much interest?
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