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Friday, January 16, 2009
allAfrica.com: Kenya: Small Loans Widen Horizons for the Poor (Page 1 of 2)
allAfrica.com: Kenya: Small Loans Widen Horizons for the Poor (Page 1 of 2): "Traditionally, microfinance loans, typically between $20 and $300, were provided by non-governmental organizations (NGOs). Most such groups were not registered as financial institutions, and generally depended on donor funds for the money they lent. That made them vulnerable to changes in donor policies and to rigid rules about the types of projects they could finance."
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