Thursday
Jan 08th
| Microfinance’s Success Sets Off a Debate in Mexico |
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| Sunday, 06 April 2008 | |
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By ELISABETH MALKIN VILLA DE VÁZQUEZ, Mexico — Carlos Danel and Carlos Labarthe turned a nonprofit that lent money to Mexico’s poor into one of the country’s most profitable banks. But not all of their colleagues in the world of microlending — so named for the tiny loans it grants — are heaping praise on the co-executives of Compartamos. Some are vilifying them as “pawnbrokers” and “money lenders.” They are the center of a fractious debate: how far should microfinance go toward becoming big business?               |
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