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Essay

Subsidy and Sustainability

Essay specific features

 

Issue:

Business

 

Written by:

David A

 

Date added:

October 21, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1713

 

Was viewed:

646 times

 

Rating of current essay:

 
Essay content:

Garcia’s small grocery store. With the debt repaid and business expanding, the Wall Street Journal reports that Garcia has started raising her ambitions, and even thinks of sending her daughter to college. “Now, one of the highly praised tools in the global fight against poverty is also proving it can be a viable business,” the article continues, “increasingly drawing investors who seek profits along with the loftier goal of social development...
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These banks are proving part of the promise of microfinance—that microlending can be profitable. The other part of the promise of microfinance is that it can deliver critical benefits to underserved borrowers such as Esther Garcia in Mexico. Some programs have achieved both promises (sustainability and deep outreach to the underserved), but most have not—even though many microlenders are now well-established and run impressively efficient (if not actually profitable) operations...
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