Word: bankses
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The Case for Big Banks
Segmenting the industry, though, might not be so bad if it allows more of the poor to get access to credit. Let multinational corporations take the top microfinance institutions to the next level, and leave the bottom of the pyramid to development groups and regional banks. That's what Ecobank...
That is just one small slice of how Mibanco is changing in the face of competition. In 2004 Mibanco had 30 branches; today it has 81, as the firm pushes into remote areas--the coasts, the mountains--trying to hold off commercial banks. Mibanco has started offering savings accounts and...
Recent history says that when a financial trend gets popular, it gets riskier too. Think subprime mortgages. That may or may not be the case with big banks and microfinance. What is clear is that this pair won't be parting ways anytime soon.
Voted into the Knesset in 1999, she became a loyal supporter of Ariel Sharon, leader of the right-wing Likud Party; when he created the more centrist Kadima, she followed. In six years, Sharon named her to seven different ministerial posts. Along the way, she broke with her parents' Zionist...