When small change can make a big difference
What is microfinance/microloaning? [Wikipedia entry]
The Wall Street Journal reports that "[p]oor households in India have borrowed $1.8 billion from microlenders in the past five years. But they could borrow more than 20 times that amount if they had institutions that could bring easy and affordable lending to each village..."
While it makes great sense to make small loans in many developing countries, how can we work to help expedite this process?
The Wall Street Journal reports that "[p]oor households in India have borrowed $1.8 billion from microlenders in the past five years. But they could borrow more than 20 times that amount if they had institutions that could bring easy and affordable lending to each village..."
While it makes great sense to make small loans in many developing countries, how can we work to help expedite this process?
posted by Josh at 12:34 PM
1 Comments:
Good idea
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