4/14/2010

Prominent microloan proponents are concerned the practice is increasingly dominated by traditional banks and financial institutions charging hefty interest rates on lending originally intended as a low cost, high impact means to combat poverty. "Microcredit should be seen as an opportunity to help people get out of poverty in a business way, but not as an opportunity to make money out of poor people," says Muhammad Yunus, microloan pioneer and Nobel laureate.

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