Andy D Posted November 18, 2010 Share Posted November 18, 2010 India Microcredit Faces Collapse From Defaults... http://nyti.ms/9ReO4I Looks like the Indian credit schemes are in on liar loans too.... Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 18, 2010 Share Posted November 18, 2010 Mhttp://www.nytimes.com/2010/11/18/world/asia/18micro.html First link didn't work. But microfinance in pursuit of profits has led some microcredit companies around the world to extend loans to poor villagers at exorbitant interest rates and without enough regard for their ability to repay. Some companies have more than doubled their revenues annually. No wonder they don't want to pay and have simply stopped. Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted November 18, 2010 Share Posted November 18, 2010 Where's my micro-bailout? Quote Link to comment Share on other sites More sharing options...
Azbola Posted November 18, 2010 Share Posted November 18, 2010 I'm so sick and tired of everything being "rebranded" these days to make it sound acceptable. Quantative Easing = Printing Money Microcredit = Loan Shark Quote Link to comment Share on other sites More sharing options...
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