Knowledge@wharton

When microfinance began its scope was simple: Charitable donor-driven organizations with a mission to eliminate poverty gave out very small business loans to help the world’s poor. Big banks -- deeming the loans too small to be profitable -- steered clear. That is now changing said microfinance leaders who gathered recently at Wharton’s Aresty Institute of Executive Education to participate in the Women’s World Banking Advanced Leadership Workshop. Banks realizing there is money to be made at the bottom of the pyramid are entering microfinance markets they previously ignored. One of their most immediate needs: loan officers and branch managers with knowledge of the field. See acast.com/privacy for privacy and opt-out information.