MFTransparency: Throwing Light on Microcredit
In recent years, a handful of microfinance institutions (MFIs) have come under fire for charging low-income clients extremely high interest rates for their microcredit loans. The 120 percent annual interest rates offered by Mexico’s leading MFI, Compartamos, has produced profits but dubious public benefit, provoking outrage among fellow practitioners. A new venture hopes separate the…