April 13, 2010 2:46 PM Subscribe
Big Banks Draw Big Profits From Microloans to Poor Drawn by the prospect of hefty profits from even the smallest of loans, a raft of banks and financial institutions now dominate the field, with some charging interest rates of 100 percent or more from their impoverished customers. (SLNYT -- use Bugmenot or register with fake information)Previous discussions
posted by Forktine (24 comments total)
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of microcredit have focused on its transformative promise, rather than its efficiency for earning money from poor people.