Tag Archives: Finance

Safeguarding Borrower Rights in Crisis-Era Microfinance

CHAD KRAMER—While the Covid-19 crisis has broadly shaken global economic stability, those who borrow from for-profit microfinance institutions (MFIs) have often encountered disastrous financial circumstances. MFIs professedly further global financial inclusion by offering microcredit and other services to the underbanked in developing economies. And MFIs do provide microentrepreneurs otherwise inaccessible capital, frequently empowering them to […]

SPACs: An Increasingly Popular Alternative to Traditional IPOs

ZACH TAYLER—If provided a blank check, what might you spend it on? This is effectively the question facing managers of Special Purpose Acquisition Corporations ( “SPAC” or “SPACs”). SPACs raise money through public offerings for the special purpose of purchasing private companies, thus providing the service of bringing these companies public in the process. Although […]