Cuéllar Fernández, Beatriz; Fuertes-Callén, Yolanda; … - Centre Emile Bernheim, Solvay Brussels School of … - 2012
Microfinance institutions (MFIs) lend to the poor, fostering these individuals’ financial inclusion. However, microfinance clients suffer from high interest rates, a type of poverty penalty. Reducing margins and lowering interest rates should be a target for MFIs with a strong social...