In 1992, the Bolivian microfinance NGO PRODEM became BancoSol. More than 200 other microfinance institutions (MFIs) around the world have since followed its path and become banks. These transformed organizations have gained greater access to commercial funding and are able to offer their clients savings accounts and larger loans. More fully integrated into regular financial markets, these former MFIs turned banks are now often among the leaders in the regions where they operate, including XacBan…

To read this article and start a full year of unlimited online access, subscribe now!

Already a subscriber?

Need to register for your premium online access,
which is included with your paid subscription?