by Thomas Gold, KF9, Dominican Republic
One of the aspects of microfinance that is often overlooked when arguing about the interest rates charged to borrowers, or sustainability of microfinance institutions, is the actual cost of giving a financial service to the most isolated communities. I thought I would tell about my latest visit to a group of borrowers, so you would be able to picture it.
Reaching the group was pretty hard, and would have been impossible without the loan officers’ field knowledge. After taking a 25 Pesos ride with a “carro publico” , or public...Continue Reading >>