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WSJ – Microfinance Safe, Jobs Created

Written by Patrick Fisher March 19, 2009 0 comment

Check out this weekend’s WSJ article on global underground economies: http://online.wsj.com/article/SB123698646833925567.html

Approximately 95% of the loans that MFIs make are to street vendors, cab drivers, fish mongers, etc. – quoted “safe havens in a darkening financial climate.” I’m encouraged by the focus on this enormous, vital and poorly understood segment of world commerce.