Commercialization of microfinance in Armenia diminishes social impact, raises concerns.
The strict regulations in Armenia led microfinance institutions to focus more on making money, which reduced their focus on helping people in need.
Microfinance: A Powerful Tool for Poverty Reduction and Social Development!
Government intervention hinders success of microfinance institutions in poor countries.
Microfinance in Serbia: Creating Jobs and Reducing Vulnerability for SMEs.