The microfinance concept has been a blessing for many people in developing countries. Its success there causes
Question:
The microfinance concept has been a blessing for many people in developing countries.
Its success there causes some to wonder if it can spur growth in areas of developed nations that need revitalization. What do you think is at the root of the success of such programs in developing nations? What, if any, cultural or commercial obstacles do you foresee derailing this concept in developed nations?
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The success of microfinance in developing countries can be attributed to several key factors 1 Lack of Access to Traditional Banking In many developing countries a significant portion of the populatio...View the full answer
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Muhammad Umair
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Related Book For 
International Business The Challenges Of Globalization
ISBN: 9781292450315
10th Global Edition
Authors: Kenneth Wild
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