I, and many other folks love Kiva.org as a way to help people through microlending. Nevertheless not all that passes for microlending is an influence for good.
Basically big banks in the Third World are getting into microlending as the Banana Republic’s alternative to the “Pay Day Loan”. Because it’s popular, they can act like they’re doing a good job while enslaving people who are already poor.
As you read the article, you’ll see that for profit banks operating as loan sharks have entered into a field that once was the preserve of non-profits.
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