Micro finance

Micro finance

  • Fact: #

During the first three quarters of 2009 1.8 million short term loans (term less than 6 months and amount less than R8000) were granted to people earning less than R3500 per month. (Consumer Credit Report, National Credit Regulator)

This week’s theme: The Bottom of the Pyramid in memory of CK Prahalad

One response to “Micro finance”

  1. Etienne

    15 years Ago

    This represents approximately 9000 million give or take a billion in the hands of mostly unscrupulous loan sharks that bleed workers dry, this is a terrible reality.

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