NEWS WIRE: The Netherlands: Banks Invest $824.5m in Microcredit

Source: Dutch News.

Original news wire available here.

Netherlands, September 12 – Dutch banks and pension funds have invested USD 824.5 million (€580 million) in microcredit in developing countries, a figure that is set to double in the next three years, according to a survey by the Volkskrant.

The returns on microcredit are good and it have proven to be immune to the credit crisis. Banks also hope to attract new clients in markets such as India and Brazil.

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