Microfinance development in Armenia: Sectoral characteristics and problems
Abstract
The heavy-handed regulation enforced a commercialization process and as a result pushed microfinance institutions towards a commercial logic. This commercial shift, in its turn, diminished the importance of the social component.
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The development of microfinance in Armenia.pdf (273.32 Ko)
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Table 1.pdf (137.67 Ko)
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Table 2.pdf (98.73 Ko)
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