Microfinance is proving to be a successful way to help the rural poor and disadvantaged improve their economic conditions by running their own businesses. However, the current economic crisis has reduced funding available for this pool. But with a proven strong credit history and improvements in technology, microfinancing is now seen as more than just as a nice social obligation. In the words of Nhan Phan Cu, a speaker at a recent seminar on this issue, microfinance in Asia is less risky than investment banking. However, the economic outlook poses some challenges.
Business | Entrepreneurial and Small Business Operations | Technology and Innovation
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Innovation and Entrepreneurship
Microfinance in Asia: Not so risky, not so micro. (2009). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/167