Word: commerciales
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Today Llosa has a very different marketplace to contend with. Success at Mibanco has piqued the interest of the commercial banks, which historically have shunned the 45% of Peruvians below the poverty line. Now big banks are going after Mibanco's clients with low-rate loans and--realizing it takes...
Yet the pressure to turn a profit often forces microfinanciers to change their business models in ways that depart from the industry's original purposes. As Al Amana, Morocco's largest outfit, has shifted from grants to commercial funding, its average loan size has roughly tripled; smaller loans to the...
In mid-May, Finale Dessert Company opened a new commercial bakery in a Harvard-owned building in Allston, and is also considering opening a small retail pastry kitchen on the site.
Productivity growth revived in the mid-1990s, as I mentioned, illustrating once again the resilience of the American economy.10 Since 1995, productivity has increased at about a 2-1/2 percent annual rate. A great deal of intellectual effort has been expended in trying to explain the recent performance and...
Mattison also complained of what he described as a “bait and switch” on the part of the University. Harvard’s original proposal, which entailed reusing existing commercial buildings for interim storage, was later changed to the proposal for a permanent museum space on...