quote:

56 Year old Bwogi Rehema has been selling charcoal, chicken, firewood and movie DVD's

I'm struggling to find something in common among all the goods she sells

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That's a smart move, actually. She's diversifying her resources.

quote:

Originally posted by Lira I'm struggling to find something in common among all the goods she sells

Sounds like a "dinner and a movie" package to me.

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Originally posted by Miss Pie That's a smart move, actually. She's diversifying her resources.

Much to the dismay of the MPAA.

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interest rates?

I just loaned $125 in 5 loans. It feels good to be a socialist..woo!

quote:

Originally posted by Nrg2Nfinit interest rates?

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Originally posted by Miss Pie That's a smart move, actually. She's diversifying her resources.

I know, but it's still odd

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Originally posted by MrJiveBoJingles Sounds like a "dinner and a movie" package to me.

Good call

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Indiana Clones Upcoming Sets
[ I May Upload Something Someday ]

Its a worthwhile cause. Enough to earn one of the pioneers of this microcredit concept a nobel peace prize back in 2006.

National Geographic article

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quote:

Originally posted by Nrg2Nfinit

answered earlier.. The interest rate you get is 0.00%. The rates are set by the local field partners and the interest goes into running the operation. Typically rates range from 9% to 25%. That sounds high by our standards, but for small loans in developing countries, it is not out of the ordinary. They've got to hit the right balance between affordability and making enough extra to compensate for those who default. Given that the repayment rate to lenders is 98%+, it's obvious they've struck the right balance.

lol kind of sounds better then the stock market these days then.

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Originally posted by Penalba since YOU should be profiting and NOT them.

Entirely not the point of this. Jesus.