The microfinance institution I work for charges 30% interest rates and I tell myself it's because operational costs are high but I know we're profiting off desperation.
More people experience this than they realize.
Economic necessity forces participation in systems that perpetuate the problems they claim to solve.
“Where Are You with Microfinance — small loans and global poverty?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.