Can Impact Investing Avoid the Failures of Microfinance?
Harvard Business Review
JUNE 8, 2018
One school of thought held that, for microfinance to scale and attract and maintain commercial capital, it needed to show that it could achieve market rates of return. billion, implying a 250x return on the initial $6 million put in by founding shareholders, a roughly 100% annual return compounded over eight years.
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