The case presents the management predicaments of a fresh association in an undeveloped microfinance market in Latin America. Supported by a worldwide-recognized industry player, it really is caused by the attempts of two fledgling local entrepreneurs with a business model they believe can achieve a substantial and profitable share of $150 million marketplace that is potential.
Banking authorities have so far issued no regulation to promote it, although with the backdrop of the 2002 banking crisis, the regulating leftist coalition is promoting microfinance as a means to reduce poverty. Another competition with similar characteristics to Microfin has began doing business a couple of months earlier and there are rumors that the largest bank in the state is studying the possibility of a fully owned subsidiary exclusively dedicated to microfinance.
PUBLICATION DATE: June 04, 2009 PRODUCT #: 309126-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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