Thoughts on Microfinance

Thinking about Ladder Project outworkings, it was interesting to read the article below and get a feel for the way Microfinance has been used by fat cats for profit.

Stuff like this makes it all the more important that we establish connections with reputable people and organisations who are out to do the right thing above all else.

Banks Making Big Profits From Tiny Loans – NYTimes.com

Despite its saintly aura, microfinancing is dominated by larger banks that often charge high interest rates.

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