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2012-08-13T09:38:53Z
World Bank, Washington, DC

On the surface, PADME (Projet d'Appui au Developpement des Micro-Entreprises) is one of the most profitable African micro-finance institutions (MFIs) that report to the bulletin. Although this profitability is partly due to low cost funds and under-investment in management and operating systems, in th...

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