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                    [Title] => ADB urges lower rates on microlending
                    [Summary] => The key to reducing interest rates on microcredit in a sustainable manner, is to cut costs through improved market competition, innovation, and efficiency, according to a study made by the Asian Development Bank (ADB).


"Interest rate ceilings are not an appropriate intervention, and there are no quick solutions or shortcuts," Nimal A. Fernando, ADB principal microfinance specialist said in the study entitled "Understanding and Dealing with High Interest Rates on Microcredit."


                    [DatePublished] => 2006-06-20 00:00:00
                    [ColumnID] => 133272
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HIGH INTEREST RATES

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                    [Title] => ADB urges lower rates on microlending
                    [Summary] => The key to reducing interest rates on microcredit in a sustainable manner, is to cut costs through improved market competition, innovation, and efficiency, according to a study made by the Asian Development Bank (ADB).


"Interest rate ceilings are not an appropriate intervention, and there are no quick solutions or shortcuts," Nimal A. Fernando, ADB principal microfinance specialist said in the study entitled "Understanding and Dealing with High Interest Rates on Microcredit."


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ADB urges lower rates on microlending

June 20, 2006 - 12:00am

The key to reducing interest rates on microcredit in a sustainable manner, is to cut costs through improved market competition, innovation, and efficiency, according to a study made by the Asian Development Bank...

Banking