(Reuters) - Microfinance aims to provide financial services to
low-income borrowers who have been excluded from traditional
commercial banking. The service offers loans, usually less than
$200, to individuals to start or expand small businesses.
Standard & Poor's rated the deal and expects to rate up to
three transactions in coming months. Issuance may reach $500
million by the end of 2007 and grow to $1 billion to $3 billion
a year over the next decade, S&P said last month.
Read more at Reuters.com Bonds News
low-income borrowers who have been excluded from traditional
commercial banking. The service offers loans, usually less than
$200, to individuals to start or expand small businesses.
Standard & Poor's rated the deal and expects to rate up to
three transactions in coming months. Issuance may reach $500
million by the end of 2007 and grow to $1 billion to $3 billion
a year over the next decade, S&P said last month.
Read more at Reuters.com Bonds News
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