Subsidy and Sustainability
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Title: Subsidy and Sustainability

Essay Details:

Subject: Business
Author: Michelle B
Date: May 6, 2013
Level: University
Grade: B
Length: 6 / 1713

Essay text:

Garcia’s small grocery store. With the debt repaid and business expanding, the Wall Street Journal reports that Garcia has started raising her ambitions, and even thinks of sending her daughter to college. “Now, one of the highly praised tools in the global fight against poverty is also proving it can be a viable business,” the article continues, “increasingly drawing investors who seek profits along with the loftier goal of social development.” BancoSol’s 1996 $5 million bond issue in Bolivia and Compartamos’s 2002 $10 million bond issue in Mexico are cited by the Wall Street Journal writer to support the case, along with the news of Bank Rakyat Indonesia’s plan to sell 30 percent of its equity through an initial public offering in late 2003...

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