By Brian Kelly, KF9, Armenia
After making several visits to various borrower communities in the rural villages throughout Armenia, I started to notice a familiar figure emerge. Each village seemed to have a mayor. Not a mayor in the traditional, sash-wearing, top-hat donning, political scandal-causing sense, but a mayor of microfinance.
In these villages usually there is a central gathering place, often a community center where the credit officers meet borrower groups to finalize paperwork, originate loans,...Continue Reading >>