Microfinance Is Usually A Rip-off
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I might be well behind others on this topic, but I’m trying to catch up. I just finished a ebook entitled Confessions of a Microfinance Heretic: how microfinance misplaced its way and betrayed the poor, written by Hugh Sinclair. Printed in 2012, it evaluations the earlier decade or so of microfinance establishments and how there are basically very few that haven’t turn into loan sharks for poor people.
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