Micro scope widens



When Grameen Bank, a Bangladeshi firm that specialises in providing micro-loans to the poor, and its founder, Muhammad Yunus, won the Nobel Peace Prize in 2006, it proved that micro-finance has firmly been accepted as an effective way to alleviate poverty in developing countries. And when Geneva-based micro-finance investment intermediary BlueOrchard Finance issued its first stand-alone collateralised loan obligation (CLO), also in 2006, it was a sign that micro-finance is also emerging as a new

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