Its investors have made a profit that is tidy. вЂњWe have observed a 7 % return on our assets and grown by 200 %,вЂќ claims Mr. Mwangi.
The growing interest and investment in AfricaвЂ™s microfinance sector, Mr. Mwangi believes, are mostly the consequence of вЂњdwindling investment possibilities somewhere else.вЂќ There is also a вЂњgrowing recognition that Africa has turned a large part. Individuals are seeing the leads in Africa, and strategically positioning by themselves to use the continentвЂ™s development.вЂќ
Partnerships give hope
By having a goal that is dual of earnings and assisting bad individuals gain access to monetary solutions, personal enterprises are increasingly partnering with donor agencies to jointly purchase microfinance. Such partnerships come in line aided by the 2002 Monterrey Consensus, by which minds of state around the world agreed upon priorities for funding development.