Microloans are one of the most popular types of consumer lending worldwide. Today, there are hundreds of different MFIs, competition for customers is growing, and with it, the number of deceived borrowers is growing. It is quite possible to get a “quick” loan without collateral and certificates: microfinance organizations lend almost everyone; even bad credit history is not an obstacle. …
Era of Microfinance: How Not to Fall Into Trap But Get All the Benefits
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