Wednesday, July 30, 2008 - a type set up for India

I found out about, an operation along the lines of, in bringing together microcredit lenders and borrowers. It also offers the lender an effective rate of 3.5% on the investment (the repayment period is unclear), while charging the borrower 8.5% (the spread of 5% is decent for the people involved in between, as we all know how high the cost of servicing is in this sector).

I wish them a great progress.

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