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13 Apr 2010 20:29


World: Microfinance: Once a charitable goal, now a big business

  • $60B the size of the microfinance industry, which offers small, easy-to-pay, loans to the third-world poor
  • 60% the percentage of the industry run by the banking industry, not non-profit charities (which run 35 percent)
  • $74M the amount CARE USA,
    an American charity, made when it sold its microfinance business to a bank source