Posted on October 20, 2008 - by lincolnw

Kiva: Why Ukraine Needs Microfinance?

Indeed, in the capital of Kyiv (aka Kiev), microfinance banks don’t operate.  The cost of living is too high, and the living standards are those of a middle-income country.  You can buy a pizza or condo or a Mercedes in Kyiv.   But even here, life is harsher than it is in the West.  Public transit, while ubiquitous and cheap, is slow, crowded, unmarked, and in poor repair.  The bathroom in an apartment, often as not, is a post-remodel afterthought located in the kitchen.  Tall buildings do not necessarily contain elevators.  Internet access is in stunningly scarce supply, even in the capital…{click here to read the rest of this article}