By Elizabeth Littlefield, Brigit Helms, David Porteous, published by the Consultative Group to Assist the Poor (CGAP), Oct 2006, 16 pages, view full document here.
In this paper, Elizabeth Littlefield, one of the World Bank’s leading proponents of microfinance and CEO of the Consultative Group to Assist the Poor (CGAP), a multi-donor organization created to help build a large scale permanent microfinance industry, and colleagues reflect on the brief history of the microfinance industry and discuss possible scenarios for the future. According to the CGAP/MIX analysis of data from the MIX and Microcredit Summit, worldwide borrowers from MFIs have grown between 13 and 15 percent a year over the last decade, doubling the outreach of the microfinance industry every 7 years.
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