21 September 2007

¿ How much would you pay ?

My professor and I were reading an article about the nobel prize winner who began micro-credit programs. We both think it´s a fantastic way to help families out of the poverty cycle. She says it´s particularly useful here in Ecuador because the interest rates for a bank loan begin at 37%. One must have collateral as well. Would you be able to take out a loan here?

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