Wednesday, 28 September 2011

Microfinance: Making a profit from loans to poor carries risks - by Amy Kazmin

http://www.ft.com/intl/cms/s/0/7f04461c-964c-11e0-afc5-00144feab49a.html#axzz1ZHz5RIVn
In August 2010, SKS Microfinance, a Hyderabad-based enterprise making tiny loans to poor women, raised $350m in an initial public offering that valued the firm at $1.5bn. The stunning market debut seemed to affirm that microfinance – lending money to those too poor and without sufficient collateral, to access normal bank loans – could be made profitable and attractive enough to attract investors...
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