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Most microfinance institutions were founded as non-profit organizations with main mission of providing financial services to the low income class or financially excluded people, mostly

Most microfinance institutions were founded as non-profit organizations with main mission of providing financial services to the low income class or financially excluded people, mostly women. Some observers believe that the transformation of microfinance institutions into regulated financial institutions may encourage profit motive over social impact of alleviating poverty. Discuss (20 marks)

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