....For all their superficial similarities, the worlds of microfinance and gold loans are as apart as chalk and cheese. Microfinance caters to those at the bottom of the pyramid. By definition, gold loans cannot be about the bottom of the pyramid because it presumes ownership of some measure of gold, which is a form of savings in India. At the same time, given the way that gold loans and microfinance emerged from the backwaters almost simultaneously, analysts would certainly feel tempted to draw parallels......
Read - HBL
No comments:
Post a Comment