Yunus: Microfinance may not always be used appropriately
While the idea of microfinance is widely touted as a golden pill to alleviate poverty, it may not always be used appropriately, according to Noble Laureate Mohd Yunus. He claims that while microfinance was initially thought up to save the people from the clutches of loan sharks, and give them alternate funding opportunities, some MFIs have become loan sharks themselves. Read more here.
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