The U.S. Subprime Crisis:
Lessons & Implications for the Microfinance Industry
Our next SVMN meeting will be on Monday, May 19th and will feature Katherine McKee of CGAP and Steve Hardgrave of Gray Ghost Ventures. Join us to discuss what consequences the sub-prime crisis might have for microfinance in developing countries, and what lessons our field can draw from its underlying cause.
Katherine McKee, Senior Advisor at CGAP
Steve Hardgrave, Partner at Gray Ghost Ventures
Less than two years ago, problems started to emerge in the U.S. sub-prime market. What began as a niche problem has now spread in dramatic fashion. With an estimated two million sub-prime loans likely to default, and housing values plummeting in many markets, the crisis is setting off worldwide concerns about how...