As the news spreads through the microfinance community of Compartamos’ flotation on American and Mexican stock markets as a microfinance bank (see recent article on microcapital.org), the debate over whether this is a good or a bad thing for the industry is underway. Below we quote in full a comment made by Chuck Waterfield on a leading online microfinance discussion group, Microfinance Practice. If you are interested in hearing more from this debate you can sign up and join the discussion group at http://finance.groups.yahoo.com/group/MicrofinancePractice/. Mr. Waterfield, who has more than 20 years of experience in the microfinance industry, moderates the group.
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