Preying in the Poor or Filling a distinct segment? Classes from Payday Lending on Profits in Microfinance
May 22, 2008
The microfinance that is international – cheered and arguably hyped for the power to relieve poverty through use of microcredit – originated centered on a social objective to offer monetary solutions such as for example tiny loans to your bad and underserved. Nonetheless, the explosion that is recent of providers (in certain circumstances, non-profit MFIs going public, for instance the now-infamous Compartamos IPO, in other instances, a surge in predatory micro-lenders) happens to be met with a mixture of applause, doubt and perhaps, disgust.