Microfinance used to be known as a basic banking model for villages in the developing world, a universe away from the fast moving capital markets, private equity funds and giant banking and insurance groups that make up the dynamic modern financial sector. But the two worlds are now starting to converge.

‘New Horizons: creating value, enabling livelihoods’ confirms that commercial interest in microfinance is growing at an unprecedented rate. The report was released to mark a major international conference on financial inclusion hosted by the Treasury and DFID in London.

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