Sunday, September 13, 2009
Micro-credit Best practices (3/4 ): Interest Rate
Prejudices
The social mission should consist in a free loan
Interest Rate, perceived as a burden to the client
Reality
Micro-credits allow for the creation or expansion of an income generating activity and the generation of profit
Interest rates are no burden if the business plan is solid and good evaluation has been done
The social mission should consist in a free loan
Interest Rate, perceived as a burden to the client
Reality
Micro-credits allow for the creation or expansion of an income generating activity and the generation of profit
Interest rates are no burden if the business plan is solid and good evaluation has been done
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