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Microfinance on Corporate Level
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Corporate business has turned its attention to the businessesof corporate social responsibility. Moreover, corporate entitieshave changed their traditional view on philanthropicengagements.Since corporate business is understood to act in aglobal market, social responsibility has no more borders. Hence afirms lack of social responsibility in one particular region canhave a domino effect on its global representation. In particularthe financial sector has helped to shape microfinance in a way thatit became commercially viable. Institutional investors fromdeveloped nations have gained confidence in the business ofmicrofinance after commercial banks from developing countries haveshown that even poor people can be creditworthy. This bookillustrates how microfinance can provide a suitable platform forcompanies to meet the demand towards a more business oriented wayof philanthropy.
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