Sunday, December 23, 2007
Microlending Sounds Like a Good Idea But ....
A recent Business Week features another special report on how big financial institutions mine gold from those in poverty. The Ugly Side of Microlending details how Mexican banks are busting peasants' kneecaps over loans averaging $257 at interest rates upwards of 100%. It's a nice companion piece to their report on the poverty business from a few months back.
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