Micro Lending

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Uploaded by on Nov 10, 2010

Most people think of microfinance as lending by nonprofit groups to people who are largely ignored by mainstream financial institutions. The concept was made famous by the Grameen Bank and its founder - Nobel Peace prize winner Muhammad Yunus. But as VOA's Philip Alexiou reports, microfinance is a growing industry across the developing world, but it could be facing some trouble.

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