Microfinance’s Success Sets Off a Debate in Mexico - New York...
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Saved by 1 people (0 private), first by anonymouse user on 2008-04-20
- Brianddrpm on 2008-04-20 - Tags microfinance , entrepreneurship , microcredit
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But Compartamos’s decision to go public last April became a flashpoint in what had been a genteel debate over how microfinance could tap into the financial markets’ vast resources. The initial public offering gets special mention at every microfinance conference, and has been condemned by Mr. Yunus, the Nobel laureate.
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They are the center of a fractious debate: how far should microfinance go toward becoming big business?
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At one end stand traditional microlenders, like the economist Muhammad Yunus, founder of the most famous microlender, the Grameen Bank, and winner of the 2006 Nobel Peace Prize. At the other are the Two Carloses, as they are widely known in this tight-knit world that gave them their start as starry-eyed idealists.
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