MICRO-FINANCE ANALYSIS
November 1st, 2004
BY ALAN OSBORNIS there a role for the insurance companies of rich countries to play in developing "micro finance" in the world's very poorest regions? The question has become relevant following the launch earlier this month (November) of the International year of Microcredit 2005 by the UN's Agricultural Fund for Development (IFAD). "A loan as little as US$50 can give poor people a chance to set up their own small business, and possibly create more jobs," says Kamlita Reddy, consultant to IFAD. But a major problem is the complete lack of the basic financial ...
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