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AccessHolding is an investor and technical manager in a network of microfinance banks in developing and emerging countries. In 2012, the group banks' total assets were valued at approximately €1 billion, with shareholders' equity of about €170 million. [2]
Microcredit is just one factor influencing the success of a small businesses, whose success is influenced to a much larger extent by how much an economy or a particular market grows. [ 39 ] Unintended consequences of microfinance include informal intermediation: some entrepreneurial borrowers may become informal intermediaries between ...
Throughout the early 1990s, Cambodia began as a success story for microfinance in the developing world. By the early 2000s, however, the situation deteriorated until "the typical loan amount [to] now exceed the average annual household income and require land-based collateral". [ 28 ]
Some people, including microfinance pioneer Muhammad Yunus, argue that the interest rates of many microcredit institutions are unreasonably high. In his 2007 book he argues that microfinance institutions that charge more than 15% above their long-term operating costs should face penalties.
Berlin, Germany 2011 Muhammad Yunus and Saskia Bruysten Private Debt, Venture Philanthropy, Corporate Social Innovation $20M Quadria Capital: Singapore 2012 Abrar Mir and Dr. Amit Varma Private Equity: Leading investor in Asian Healthcare $2,900M [16]
In September 2008, as investors were scrambling to get their funds out of Lehman Brothers, KfW accidentally wired €320 million ($426 million) to Lehman; Germany's largest circulation newspaper, Bild, called KfW "Germany's Dumbest Bank" at the time. [16] The bank subsequently fired two board members over the transfer. [17] [18]
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In Germany the concept of hidden champion is known to some extent, and therefore hidden champions there are able to utilise this label to recruit staff. [4] In 2011, the first "Hidden Champions Day" was organized by the student initiative bdvb e.V. at the University of Mannheim in order to promote the advantages and opportunities of working for ...