Greed is Great, Greed is Good, Let Us Thank Greed for our Loans
Ξ July 1st, 2008 | → 0 Comments | ∇ Microfinance, links |
Who invited Gordon Gecko to the microfinance party? Is greed good again? I’m not qualified to answer that, but the Mexican based CompartamosBanco is making that bold claim and it’s ruffling some feathers in the microfinance world. After receiving some flack, the company has begun to defend itself and they seem to make some good points. The Economist reports that “[Compartamos] has become convinced that by pursuing profits it will be able to provide financial services to many more poor people far more quickly than it would if it had continued to act as a charity.” Read the full story in The Economist here
