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Investment bank Morgan Stanley has introduced an $108million (£54m)
bond that will finance loans to people running small businesses in
developing countries. BlueOrchard, a Swiss company specializing in the
management of investment funds dedicated to the micro-finance industry,
will channel money to 20 micro-finance institutions in 12 countries,
including Azerbaijan, Bosnia, Ghana, Mongolia, Nicaragua, Peru and
Russia. The institutions will then make loans to around 70,000
micro-entrepreneurs.
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