NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, September 27, 2004

“This kind of small-lot lending to the impoverished has been around since the 1980s. Time and again it has been proved that just $50 can make a huge difference for an entrepreneurial villager, who can build a business around a new cow, a sewing machine, or a chicken coop. Development economists have also long remarked on the near-zero default rates of these credits.” Read full article here.