SWITZERLAND: Credit Suisse, one of the world's biggest banks for wealthy clients, this week said the business of microfinance – providing loans as small as $50 to the poor – will soon attract mainstream investors. Reuters reports that the Swiss-based bank, which operates an investment fund that finances micro-credit projects, said the microfinance market was growing 20 to 40 percent annually, thanks in part to its record of contributing to economic development in poorer nations. Credit Suisse said its Responsibility Global Microfinance Fund, which provides loans to microfinance institutions, offered investors a reasonable return with the added social benefit of fuelling entrepreneurial growth in developing nations.
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