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India's microcredit industry may be near to collapse [more inside]
posted by Forktine on Nov 17, 2010 - 54 comments

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) [more inside]
posted by Forktine on Apr 13, 2010 - 24 comments