« Health workers say close to eradicating Guinea worm | Main | Chinese girl gets 'kiss of deaf' »

Dec 08, 2008

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Danny Gamache

Like the comments made on the original article, this kind of abusive interest rate is NOT the norm in microcredit lending. Generally rates are consistent with local bank rates in the country of interest. In my experiences in Bangladesh with microcredit the rates were closer to 11% ANNUALLY not monthly.

Michael W. Kruse

Agreed. I think the larger point is that inaccessibility of capital is so critical in so many contexts that even at astronomical rates lending has a positive affect.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)

Your email address:


Powered by FeedBlitz

Kruse Kronicle on Kindle

Check It Out

Categories