Sunday, April 03, 2011

In India, Loan Sharks, Commercialization Cast Pall Over Microfinancing

"Once a darling of development programs, microlending in India is credited with helping many poor people become self-sufficient. But commercial companies moved into what had been the realm of nonprofits, handing out $7 billion in loans in the last decade and creating a competitive marketplace....."

Link: http://www.pbs.org/newshour/bb/world/jan-june11/indialending_03-30.html

1 comment:

  1. To keep yourself safe from loan sharks, do a background check on the company you want to take a loan from. It's easy when you're dealing with online payday loans.

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