Schmidt, Reinhard H. - In: Poverty & Public Policy 2 (2010) 1, pp. 6-6
<p>This paper discusses the so-called commercial approach to microfinance under economic and ethical aspects. It first … shows how microfinance has developed from a purely welfare-oriented activity to a commercially relevant line of banking … business. The background of this stunning success is the almost universal adoption of the commercial approach to microfinance …