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Scraped on 25/05/2025, 01:32:43 UTC
It will be helpful as long as the interestsinterest isn't predatory.

After all, certain class of people doesdo really need a more simplified access to capital but I think it will still face the difficulty that traditional banking has which is risk of defaults and so on.

PersonallyFrom what I don't think the statement that micro finance has lower interests than traditional banks is truesee though, the business itself has higher risk, how come they have lowertheir interests always too high and can become a hurdle instead.
Original archived Re: Does microfinance actually work?
Scraped on 25/05/2025, 01:27:51 UTC
It will be helpful as long as the interests isn't predatory.

After all, certain class of people does really need a more simplified access to capital but I think it will still face the difficulty that traditional banking has which is risk of defaults and so on.

Personally I don't think the statement that micro finance has lower interests than traditional banks is true, the business itself has higher risk, how come they have lower interests.