Micro-loans have become a huge business - specialising in small amounts to individuals they allow people in developing countries to support themselves in a sustainable way, whilst encouraging business skills and financial responsibility.
I came across this article showing that although micro-loans have made a huge difference to many people's lives, when things go wrong lenders are less than sympathetic, leading to several suicides. It's interesting to see that even 'ethical' finance companies are susceptible to corruption and tactics normally seen from loan sharks.
The article is here: http://www.miamiherald.com/2012/02/24/v-print/2658213/ap-impact-lenders-own-probe-links.html
Posted by Rachael Adamson.
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