Wherein an investment banker fights to avoid seeing the similarities between microfinance and loan sharking
Wherein an investment banker fights to avoid seeing the similarities between microfinance and loan sharking
globaldev.blog Unveiling the shades of microfinance: distinguishing "black" from "white"
Payday loan companies and other unscrupulous lenders exacerbate and perpetuate poverty. Understanding the key differences between “black” and “white”
There's a beautiful 20-year-old citation that doesn't map to anything that he's saying and seems from the abstract to be critical of microfinance as an enterprise.
This post brought to you by the Grameen Bank guy apparently being put in charge in Bangladesh? His bank said they had to charge 15% interest on microloans to break even and people were struggling to see the benefits back in 1998.