Microfinance is not philanthropy!
Clients need to pay for the services
Microcredit clients need to repay the loans
Interest rate to cover the costs
Why is repayment important?
Offer new loans and extend the client base
Ensure correct functioning and growth of the institution
Cover office & operational costs
Cover for non-payments when they occur
Avoid financial loss and loss of credibility for the institution
REPAYMENT ON TIME GUARANTEES THE SUSTAINABILITY OF THE PROGRAM
Neuroblastoma - Cancer of the muscles
15 years ago
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