McKinsey on Microfinance

I know – this blog is in danger of becoming a McKinsey advertisement.  However, when they keep putting out so much good stuff, I can’t help it!  Today there are 5 articles on microfinance/microcredit and banking services for the bottom of the pyramid.  Three of these are premium (paid subscribers only) articles which are only guest passed for current subscribers to the free version for a limited time.  So get reading!

Direct from the e-mail:

The McKinsey Quarterly

Special collection: The biggest market on Earth
In one country, as part of a ubiquitous custom called “five–six” lending, poor people borrow five pesos from informal lenders and repay six, usually within a week. The annual interest rate works out at roughly 13,000 percent.

This is hardly the only place where low-income people suffer from a lack of choices and information. Their options have been limited because legitimate companies have been reluctant to enter the markets that serve them.

These articles from the archive show that large and reputable financial and retail businesses are now finding ways to do so profitably.

A grassroots approach to emerging-market consumers
November 2006

Extending financial services to Latin America’s poor
March 2007

The following three premium articles are available to nonpremium members for a limited time through this e-mail.

Financing Latin America’s low-income consumers (Guest passed until May 16)
March 2007

The CEO as CIO: An interview with the head of India’s top private bank (Guest passed until May 16)
March 2007

Succeeding in Latin American banking: An interview with Banco Itaú’s CEO (Guest passed until May 16)
November 2006

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