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Microlending

AlbinoBunny
Posts: 3,781
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6/9/2013 7:47:39 PM
Posted: 3 years ago
Nanolending's better.
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Jake-migkillertwo
Posts: 67
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6/12/2013 12:03:34 AM
Posted: 3 years ago
Information asymmetries and economies of scale make micro-lending, or loans from individuals to other individuals, basically impossible, and an unworkable model for economic growth.
darkkermit
Posts: 11,204
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6/12/2013 12:08:35 AM
Posted: 3 years ago
At 6/12/2013 12:03:34 AM, Jake-migkillertwo wrote:
Information asymmetries and economies of scale make micro-lending, or loans from individuals to other individuals, basically impossible, and an unworkable model for economic growth.

Micro-lending exists you know.

Micro-lending won't lead to direct economic growth, after all it isn't that much. However, it does give the very poor enough income to maybe obtain an education, secured assets, which would give them enough to take out larger loans in a financial institution or obtain a job in the formal sector of the economy.
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