Friday, April 04, 2008

After Success, Problems for Microfinancing in Mexico - New York Times

After Success, Problems for Microfinancing in Mexico - New York Times Micro finance can change the world-- but I doubt it will if the work involves Return On Investment. Markets are by definition win lose-- someone makes money at someone else's expense. With micro credit -- all the "profit" made from people who are so poor regular banks don't serve them - it seems to me the lender should always be non profit or credit union -- so money earned from investing in start ups gets re invested for other people who need it-- not siphoned off for profit.

Basta.

Tim

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