Mike Scott explores the booming world of microfinance and discovers the impact this branch of philanthropy can have
Microfinance is the new buzzword in banking circles. It involves lending small amounts of money to some of the world's poorest people, who often have no collateral and no credit history. And servicing the needs of those "at the bottom of the pyramid" is an area where there is a significant role for individual investors lucky enough to find themselves at the top of the pyramid.
