Friday, January 11, 2008

It is better to lend than to receive

From Vanderbilt Magazine:
Before and after receiving a gift of charity, the poor remain the poor and in debt. But through microlending the poor borrower gains both the new capabilities developed to meet the demands of repayment and the reputation as someone with whom others can do business. That is, when it all works, the poor become more like the non-poor: willing and able to pay their debts.

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