During this period donors can support to build the capital base of efficient MFIs, enabling them to grow more quickly, increase their leverage, and serve larger numbers of clients on a sustainable basis. Subsidies may well be used to correct market failures; such as, to increase efficiency, transparency in financial reporting, and supporting industry infrastructure. 13.
In the face of the relative economic stability we have gained during this transition, and the support of domestic policy makers in our period of consolidation, it is my hope that Rotarians would make 2013 a year of expansion.