国际贸易外文翻译---小额信贷业的发展阵痛-国际贸易(编辑修改稿)

国际贸易外文翻译---小额信贷业的发展阵痛-国际贸易(编辑修改稿)内容摘要：

replicated in other countries as a way to fight poverty. Microfinance spread around the world and earned Yunus a Nobel Prize in 2020. But over the past few years, increasing petition among lenders and a weak global economy have strained borrowers and microfinance institutions alike. As an increasing number of banks and forprofit panies entered the market and contributions from investors increased, some markets became oversaturated and borrowers overextended. Microfinance institutions are now seeking ways to continue growing with less risk. We are in a tension field between sustainability and ... social impact, said participant Carine Roenen, executive director of Fonkoze, a grassroots microfinance organization based in PortauPrince, Haiti. You take one of these two poles out of the equation and things go wrong. Fonkoze, Haiti39。 s largest microfinance institution, is used to operating under such tension. After hurricanes affected the lives of onethird of its clients in 2020, Fonkoze helped struggling borrowers by rescheduling existing loans. Since the earthquake in January 2020, it has distributed thousands of cash grants, and more than 10,000 new loans to clients, and has developed a catastrophe microinsurance program. Microfinance, especially after Yunus received his [Nobel] prize, was branded as something that was good for the people, Roenen noted. And now Andhra Pradesh es with a story where it is bad.... We can probably learn what happened there. The public knows and expects from us that we provide social value. But we need to municate about that much more than we do. The last three years have witnessed a wave of events stemming from overlending, said program participant Inez Murray, executive vice president of New Yorkbased Women39。 s World Banking. Among them: Nicaragua39。 s microfinance industry suffered a crisis in 2020 when a No Pago (No Pay) movement led to widespread defaults and violent protests。 Morocco39。 s microfinance sector experienced a wave of defaults that led to the demise of one of the biggest MFIs。 and Bosnia witnessed overindebtedness after war recovery efforts spawned a large number of MFIs chasing too few customers. In each case, the root causes were plex: poor petitive practices for example, cherry picking each other39。 s clients as well as relaxation of due diligence as MFIs sought to grow rapidly。 manipulation of clients by local political forces。 and macroeconomic shocks. Microfinance works in an ecosystem, Murray said. When it bees too successful and money is involved, risk is created. 大连民族学院 国际商学院 英文翻译 Program participant Mavsuda Vaisova saw the negative results of overlending in Tajikistan, where she works as general director for Humo and Partners, a microlending fund in Dushanbe. Started with a staff of just 19 in 2020, the microlending organization now has 11 branches, 260 employees, 10,000 clients and an active portfolio of US$ million. Last year, during the crisis situation, we saw what happened. People were killing themselves because they could not repay five or six loans, Vaisova said. These cases in Tajikistan happened so often [that we said] to all our creditors, 39。 Please don39。 t push us because we cannot push people to kill themselves.39。 In some countries, the problem of overindebtedness has been attributed to a lack of information: Without a system of credit bureaus or official identification cards for the poor, lenders could not determine a borrower39。 s credit history or the presence of existing loans from other lenders. But t。