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The Future of Microfinance
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A major source of financing for the poor and no longer a niche industryOver the past four decades, microfinancethe provision of loans, savings, and insurance to small businesses and entrepreneurs shut out of traditional capital marketshas grown from a niche service in Bangladesh and a few other countries to a significant global source of financing. Some 200 million people globally now receive support from microfinance institutions, with most of the recipients in the developing world. In t...