Usurious Rates in Microcredit and Microfinance Abound åö A Thanksgiving Message on Righteous Investing
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Wednesday, November 23, 2005

Usurious Rates in Microcredit and Microfinance Abound åö A Thanksgiving Message on Righteous Investing

Microfinance and microcredit are wrought with usury. At the Global Microentrepreneurship Awards, Bangladeshi Finance and Planning Minister M. Saifur Rahman criticized microlenders for charging rates almost three times as much as the rates on loans microlenders receive from commercial banks.

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