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Microlending is also a scam, but a different kind -- just normal predatory high interest loans.
by lupire 4y ago
Microlending is also a scam, but a different kind -- just normal predatory high interest loans.
- AlbertCory 4y agoYeah, the difference is that "microfinance" manages to give itself a high-minded image and attract big bucks from Western donors, and go on 60 Minutes. While these payday lenders are universally regarded as scum. But they're not really all that different, as you point out.