How Microfinance is Helping Poor Households and Businesses Survive and Thrive: 6 Things to Know
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Microfinance, once hailed as a miracle cure for poverty, has become a lending system run amok –– and institutions that could help fix it are feeding the frenzy. | Bloomberg
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Many loaning companies start loaning purely for the profit, or end up striving more for profit because the company system causes employees to value outcomes over ethics. While the lending system is flawed, microfinance was developed as a way to combat this with its focus on the clients and courses to help them support their businesses. #loans #microfinance #smallbusiness #finance #loan #financialliteracy #education
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