Just as Hidilyn lifted 127 kilograms or about 280 pounds of steel in her winning moment, microfinance institutions are also lifting the weight of over 9 million poor and underserved Filipinos. This is what financial inclusion is all about: lifting each other up. Moreover, Hidilyn’s road to the gold, as we now know, was not an easy one.
I have already mentioned the first one – the emergence of a pervasive pattern of attempted manipulation of LIBOR dating back many years. This misconduct was designed either to increase the potential profit of the submitting firms or to convey a misleading picture of the relative health of such firms.