Mr. John Moran:

-----on the credit insurance side and to speed up the process. We have found very low quality financial management in microfinance companies. Many of these companies would admit they do not even do cashflow. The problem is in marrying cashflow lenders with people not necessarily doing cashflow management.

Banks are moving with regard to productive small and medium enterprises, but as is the case with personal mortgages, they are still struggling with how to separate legacy debt problems and release a good business from the overhang of another debt.