Posts Tagged ‘Russian Microfinance’

Microfinance Focus, June 18, 2010: The global financial crisis began to affect Russia by the end of 2008 and its microfinance sector got the blow when concerned over the threat of Ruble devaluation, the public began to withdraw their savings and convert them into foreign currency, resulting in a massive outflow of savings from Russian microfinance institutions (MFIs). Rising unemployment caused higher delinquency rates on ... Full story