Micro Credit

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Microcredit, or microfinance, is banking the unbankables, bringing credit, savings and other essential financial services within the reach of.millions of people who are too poor to be served by regular banks, in most cases because they are unable to offer sufficient collateral. In general, banks are for people with money, not for people without.‖ (Gert van Maanen, Microcredit: Sound Business or Development Instrument, Fundamentals of microfinancing The managers at the MFIs are careful to e
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