Sunday, August 30, 2009

The decline of micro-lending

Micro-lending, the process of granting mini loans to facilitate entrepreneurism in developing countries is in danger of suffering a meltdown ala the subprime market. This was one of the more useful tools to enable citizens of the third world a chance at a better life. Too bad that it does not appear that the original intent of the program will continue on into the future.

The Economist link

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