Microfinance has been a lifeline for many in Bosnia and Herzegovina, playing a critical role in helping people; particularly women, recover from the conflict. Yet the rapid growth of microfinance industry combined with limited financial literacy among its customers resulted in multiple borrowing and over-indebtedness. Aggravated by the financial crisis, over-indebtedness led to a dramatic rise in non-performing loans and an average of 40 percent loss...
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INFORMATION
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2013/10/01
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Fiche
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94891
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1
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1
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2015/03/13
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Disclosed
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Responsible finance : reducing over-indebtedness for Bosnia and Herzegovina's microfinance borrowers
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microfinance
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