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Tuesday, December 15, 2009. As Microfinance Grows in India, So Do Its Rivals A report from WSJ. A report form KETAKI GOKHALE. WSJ says that Small Credit Lines Were Supposed to Trim the Practice of High-Interest Loans in Rural Areas, but Moneylenders Flourish. The practice of making tiny loans to poor people, or microfinance, was supposed to help drive traditional village moneylenders from rural India. Peer pressure to pay back microfinance loans is intense, because microlenders almost always require b.CONTENT
This web page microfinancenewz.blogspot.com states the following, "Tuesday, December 15, 2009." We saw that the webpage said " As Microfinance Grows in India, So Do Its Rivals A report from WSJ." It also said " A report form KETAKI GOKHALE. WSJ says that Small Credit Lines Were Supposed to Trim the Practice of High-Interest Loans in Rural Areas, but Moneylenders Flourish. The practice of making tiny loans to poor people, or microfinance, was supposed to help drive traditional village moneylenders from rural India. Peer pressure to pay back microfinance loans is intense, because microlenders almost always require b."