April 19, 2010 - High interest rates have always been a contentious issue in the microfinance industry, with some calling for government-imposed caps. In the April 2010 issue of the CQ Global Researcher, Alex Counts, president of Grameen Foundation, argues against capping rates [1] and urges governments to instead work with microlenders to accelerate the current market-based process.
“Reprinted with permission from CQ Press”
"At Issue: Should governments cap microloan interest rates? [1]", Glazer, S. (2010, April 1). Evaluating microfinance. CQ Global Researcher, 4, 79-104.
http://www.cqpress.com/lib/global-researcher.html [2]
Links:
[1] http://www.grameenfoundation.org/sites/default/files/CQ Global Researcher_Interest Rates-ProCon.pdf
[2] http://www.cqpress.com/lib/global-researcher.html