Big Banks Draw Profits From Microloans to Poor

Big Banks Draw Profits From Microloans to Poor
by Neil MacFarquhar In recent years, the idea of giving small loans to poor people became the darling of the development world, hailed as the long elusive formula to propel even the most destitute into better lives. Actors like Natalie Portman and Michael Douglas lent their boldface names to the cause. Muhammad Yunus, the economist who pioneered the practice by lending small amounts to basket …

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