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MANAGING FOREIGN EXCHANGE RISK IN MICROFINANCE INDUSTRY

By Elena Fuior and Veronica Mirzac

Abstract

Microfinance is experiencing an unprecedented investment boom. The microfinance industry continues to grow at a rate of more than 30 percent a year, and the supply of funds for growth is only one-fifth of total demand. To meet this demand there has been an increase in international investors in microfinance institutions (MFIs).microfinance, investment, international investments

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