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> microfinancing (aka payday loans) Microcredit is extended to poor entrepreneurs who invest it in income generating activities. That is very different from pa
by unmole 4y ago
> microfinancing (aka payday loans)
Microcredit is extended to poor entrepreneurs who invest it in income generating activities. That is very different from payday loans for consumption.
- richbell 4y agoIt can be equivalent, in practice. https://www.bloomberg.com/graphics/2022-microfinance-banks-profit-off-developing-world/ https://www.bloomberg.com/graphics/2022-microfinance-banks-p...
- AlbertCory 4y agoYou're right that they're not the same. However, watch the video or read the book. Reality is not the same as the concept.