Chapter 44

MicrofinanceCosts, Lending Rates, and Profitability

R. Mersland* and R. Øystein Strøm

*University of Agder, Kristiansand, Norway

Oslo and Akershus University College of Applied Sciences, Oslo, Norway



After Muhammad Yunus and Grameen Bank received the Nobel Peace Prize in 2006, microfinance became a universal and well-known concept. Generally, the attention has been positive and the potential for microfinance ...

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