Figure 1: Mutually Reinforcing Cycle of Growth Followed By Some MFIs Much Higher Valuations and Tapping of Primary and Secondary Markets at A Premium
Much Greater Returns and Higher Profits
Turbo Charged Growth
More Multiple Lending, Over Lending and Ghost Lending
Higher Valuations and Larger Equity Investments
Demand for Faster Growth and Greater Profits
Published on Nov 20, 2011
Fresh perspectives and radical (systemic) changes are required for developing an enabling micro-finance regulatory and supervisory mechanism...