Bangladesh poor selling organs to pay back microcredit loan

BBC News, 28 Oct 2013
Microcredit, hailed as a saviour for millions, aims to break the cycle of poverty by stimulating income-generating activities through providing collateral-free loans.
But its repayment structure and the apparent inability of microfinance institutions to determine whether borrowers have multiple loans with other institutions rarely come under scrutiny.
Consequently, it can create a vicious cycle in which borrowers borrow money from other NGOs to repay existing loans, leaving many unable to repay and some to take extreme measures such as selling organs to make repayments. Full story

Related:
  1. Temasek Pumping More Money Into India's Micro Financing Market - Sammyboy Forum
  2. Temasek Snared in India as Crackdown Slows Microfinance IPOs - Bloomberg
  3. Temasek Opens Micro-Loan Firm - z-ben.com
  4. Temasek: Micro-credit Business in China - Chengao.wordpress.com
  5. Temasek Starts Micro-credit Business In Chengdu, China
There was an error in this gadget