The Rise Of Microfinance In Developing Countries and the Possible Cuban Fit

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“Give a man a fish, and you’ll feed him for a day. Teach a man to fish, and you’ve fed him for a lifetime.” According to a study conducted by the Gates Foundation, only 10% of the population have access to finances and capital which is ironic considering this 10% may be the same people who have no need for said additional capital. It is this way because businesses who employ traditional financing methods required either a good credit history, properties to serve as collateral, or both before even considering a candidate for approval. These restrictions automatically rule out unemployed individuals or start-up entrepreneurs who have to have a way of establishing their good credit standing, having been denied of any prior loans to begin…




Unbiased reporting on economic news and business developments in Cuba by industry sector


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