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4min chapter
Microfinance in Sri Lanka part 1
Business Daily
The Rise of Micro-Lending
The modern concept of micro-lending really took off with the pioneering work of Muhammad Yunus. He created Grammian Bank for that purpose, and the idea rapidly spread. We see a proliferation of financial services in Latin America, across Sub-Saharan Africa,. Across the Arab world, in Southeast Asia. And certainly there has been a lot of attention on Sri Lanka and Cambodia as places where over indebtedness has become a problem.
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