The reason I could infer from the recent collapses of micro - TopicsExpress

The reason I could infer from the recent collapses of micro finance companies is due to the fact that they do not have proper control systems in place to safeguard their assets. They also want to attract customers so they adopt policies that will easily attract people to transact business with them without thinking of the implications associated. I realise that most of them do not even have proper recovery plans in terms of granting credit facilities to customers.

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