The Daily Star / Hassan Shaaban
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The launch Wednesday of a new microfinance association that gathers non-governmental organizations and financial institutions under one umbrella will minimize cross-lending practices in this sector, microfinance experts said Wednesday.Choucair explained that there were two types of microfinance institutions.This is a serious issue," Choucair said.He added that the number of microfinance clients had reached 30,146, with 22 percent having more than one loan. Choucair said that there were currently around eight banks in Lebanon that gave loans to microfinance institutions.
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