LibraryScenariosWhen Microfinance Becomes a Debt Trap Instead of Liberation
Scenario

When Microfinance Becomes a Debt Trap Instead of Liberation

I took out a microloan to start a small shop and now I'm trapped in a cycle where I have to borrow more just to make the payments on the first loan.

Zera
Online
The coach is replying

More people experience this than they realize.

What we've seen

The promise of financial freedom can become its own form of bondage when systemic issues remain unaddressed.

Ideas that help explain it
Worth thinking about

“Where Are You with Microfinance — small loans and global poverty?”

If this sounds familiar, the Library can help you find the bigger picture.