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N_ Chowdhury - Innov.. - Global Microcredit Summit 2011

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Recommendations and lessons learnedMoral aspects of microcredit:<strong>Microcredit</strong> should be collateral free<strong>Microcredit</strong> should focus on poorest ofthe poorI should have some social mandate<strong>Microcredit</strong> shouldn’t focus on profitmaximizationDeveloping mutual trust and humanrelation with clients, is the key of successFinancial aspect of microcredit:Sustainability

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