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GROWING TO SCALE IN THE DEVELOPING WORLD: LESSONS FROM MICROFINANCE
— Sam Daley-Harris, Director, Microcredit Summit Campaign
— David Gough, Vice President, Deutsche Bank Microfinance Funds |
| "The trick to international development is, at its essence, finding revolutionaries. The field of microcredit and microfinance contains some of the most remarkable revolutionaries in development." - Sam Daley-Harris
Key Takeaways:
- Start small - the theory and practice of microfinance allows organizations to fund small-scale merchants and entrepreneurs. Ultimately, the ambitions for institutions like Deutsche Bank are to bring this model to scale and impact large populations, one community at a time.
- Microfinance is part of double bottom line investing. When you create a cash stream, you help facilitate growth for the individuals and small organizations that have access to the small loans.
- Multi-national companies have the opportunity to provide value to local populations by supporting established microfinance organizations, absorbing much of the risk, while achieving ROI for investors.
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