Small is Beautiful: Want a Safe Bet for 2009? Try microcredit

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Nov 2008
London, United Kingdom, November, 19 2008 - Wall Street’s titans minted money in good times but now find it hard to repay their debts, if they are in business at all. Ironic, then, that many of the world’s poor are better credit risks than the once-high-flyers at Lehman Brothers. This is one of the attractions of microcredit, the lending of tiny sums—as little as $50—to people at the bottom of the economic pyramid. It is an increasingly bright light in the gloom of the financial world.

Full story available on publisher's website.


Source : The Economist
 

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