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I had definitely admired Grameen Bank’s group-lending mannequin, but I wasn’t an enormous fan of Yunus’s concept that microfinance corporations should be merely self-sustaining corporations—what he calls social companies.†I felt that if the trade were going to provide the estimated $300 billion of credit wanted by the poor, it would have to faucet larger, industrial capital markets—and that meant structuring our companies in order that traders could count on important returns.
Transportation businesses resembling railways , airlines , delivery firms that ship items and people to their locations for a fee. Because of this,
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