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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3634 |
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Today the EMN manage 57 organisations from 21 countries.
The micro-finance sector is still quite young comparing to the traditional banking sector but it has a high growth rate. According to the EMN, 46% of the microfinance organisations were created in the last four years and between 2003 and 2006, the amount of loans has grown by 242 % reaching in 2005 24,000 micro-loans and a value of 210 millions euros...
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In facts we can find two distinct groups, people who ask for small loans, until 5,000 ? and those who ask for bigger one's, from 7,500 ? to 10,000?.
As we can see, the average interest rate in Europe is 8%. Most of the countries are between 3 and 7% except in the UK where the rates are higher than 15%...
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