Representing the commercial interests in the microfinance debate were Brian Cox, CEO of MFX Solutions and Michael Edberg, Director of Investments at MicroVest Capital Management.
Commercial lenders also argue with that with increased margins, microfinance companies can reinvest in the development of new product lines to address the myriad needs of the poor.
The on-going transformation in microfinance means grants and subsidies are a thing of the past and commercial sources of funding will continue to be the major source of funding.