http://www.nextbillion.net/newsroom/2005/05/22/swiss-bank-for-mega-rich-advocates-lending-to-poor Comments for "Swiss bank for mega-rich advocates lending to poor" en http://www.nextbillion.net/newsroom/2005/05/22/swiss-bank-for-mega-rich-advocates-lending-to-poor <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> May 11, 2005 - 13:00, </span> <span class="flexinode-textfield-14"> Reuters</span> <div class="flexinode-textfield-15"> Swiss bank for mega-rich advocates lending to poor, by Thomas Atkins</div><br> <div class="flexinode-textarea-6"> Credit Suisse, one of the world's biggest banks for wealthy clients, on Tuesday said the business of microfinance -- providing loans as small as $50 to the poor -- will soon attract mainstream investors.<br />The Swiss-based bank, which operates an investment fund that finances microcredit projects, said the microfinance market was growing 20-40 percent annually, thanks in part to its record of contributing to economic development in poorer nations.<br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2005/05/22/swiss-bank-for-mega-rich-advocates-lending-to-poor#comment Financial Services General Banking Microfinance Sun, 22 May 2005 13:41:39 -0400 _Steve L 435 at http://www.nextbillion.net