The Bankwatch

Tracking the consumer evolution of financial services

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.”

Written by Colin Henderson

June 6, 2008 at 10:22

Posted in Social Lending

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