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Month: May 2010

The Right Conditions for Microfinance

The Right Conditions for Microfinance

Across the world, there are a lot of poor people.  In the developing world, 1.4 billion people live on less than $1.25 USD per day.  While this catch-all gives an idea of who is struggling to get by, the impoverished are stratified in terms of desperation.  Some live in extreme poverty, racked by hunger and disease with little hope of “pulling themselves up by their bootstraps.”  Combating this type of poverty requires humanitarian and development aid.  But those higher on…

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