the pinstripes are chasing the poor | TIME
Microfinance, small loans in impoverished areas is becoming business that is interesting the large Banks.
The Big Trouble In Small Loans – TIME
And he’s getting more of them, from directions he never could have anticipated. Last year the Spanish multinational BBVA raised some $300 million to invest in microfinance, then reached across the Atlantic to snap up two Peruvian firms. “Everyone wants to do this now,” says Llosa. “And it’s not only Peru. This change is everywhere. Everywhere microfinance is working, it’s happening.”
