This is funny...
Thanks To Keith at BagOfNothing
Monday, September 7, 2009
Microloans: Beggar Banks And Telephone Ladies
Breakpoint had an interesting article on the value of microloans. Click the picture above to read the article.
Microcredit is the extension of very small loans (microloans) to those in poverty designed to spur entrepreneurship. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit.
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