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Microfinance goes commercial

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Innovation in Developing Economies

By Michael R Czinkota and Ilkka Ronkainen Innovation in developing economies is evolving rapidly, but can still improve in terms of marketing. Businesses in emerging economies can make profits and can positively affect the livelihoods of people. In the next generation, multinational corporations can expand to vast un- and underserved consumer groups in developing countries. Executives …

Daily News Egypt

Throughout 2012, Egypt’s Social Fund for Development (SFD) signed a number of contracts with foreign countries totalling $418m. (Photo: Courtesy of Facebook Fan Page)

Microfinance goes commercial

Microfinance, the provision of loans and other financial services involving minute transaction amounts and mainly poor clientele, is making inroads into commercial banking.

Daily News Egypt

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