Latin microfinance market wakes up to risk mitigation

MANAGEMENT

LATIN AMERICA - The Latin American microfinance scene is growing fast, and institutions and donors are waking up to the operational risks embedded in the business. As competition from commercial banks for this lucrative business heats up, donors are starting to fund initiatives to investigate and suggest remedies for risk oversight.

The Latin American microfinance market has long been dominated by non-governmental organisations (NGOs), which can often have a relatively unsophisticated approach to

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