Microfinance Area Feeling Credit Heat

Microfinance institutions expanding, but some are tweaking strategies due to stale CDO and CLO markets

March 17, 2008

A $130 loan from a microfinance lender enabled Fatouma Dijbril Issifou to buy vegetables in bulk, and then resell them at a higher price in her hometown in the West African nation of Benin. The subprime mortgage crisis is a world away from entrepreneurs like Issifou but it has hurt some sources of funding for lenders who, for example, relied on the sale of collateralized loan obligations.

The full article is available to IDD Magazine subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.