By Monica Hamlett, KF10 Managua, Nicaragua
Nicaragua is in limbo of a new law as we speak, one of the mandates is an interest rate ceiling for microfinance institutions. So I did a little research to keep up with the current events.
The Consultative Group to Assist the Poor (CGAP) published a donor brief titled, “The Impact of Interest Rate Ceilings on Microfinance”. Because I know how intoxicating the title is and the temptation to read is nearly unbearable, I will take the liberty of highlighting a few key points.
So, if we put a cap on the rate will we...Continue Reading >>