Easy Money

Miller, Claire Cain
November 2006
Forbes Asia;11/13/2006, Vol. 2 Issue 19, p26
The article examines the implications of the popularity of microcredit in India. The money to fund all microfinance lenders comes from big commercial banks, such as ICICI, State Bank of India and Canara Bank. The result is that lenders often hand over money without taking the time to educate the borrowers, making sure they understand that they are supposed to start businesses and that there are penalties for not paying the money back.


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