Not really a new Idea

Reader comment on: Non-Bank Lender

Submitted by Lyle (United States), Nov 29, 2016 17:04

Grameen Bank won a nobel prize in economics for this idea: https://en.wikipedia.org/wiki/Grameen_Bank.

Of course historically banks have been for the folks at the top and did not really care about the lower class folks. Typically the only way to get a loan was not to need one in most countries (including the US before 1913).

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