Quote by: Pierre Omidyar

Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model.


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Author Bio


  • NamePierre Omidyar
  • DescriptionFrench-born Iranian American entrepreneur and philanthropist
  • BornJune 21, 1967
  • CountryUnited States Of America
  • ProfessionPhilanthropist; Entrepreneur; Economist