I would like to add that maybe the problem are not the [micro|macro]-loans, but people. Loans are basic bricks for an economic development in any society. Sadly, they can't save a bad business from failure.
So my point is that maybe a poor borrower investing in a bad business will end up poorer. Other scenario, mentioned in the article, are poor people lending money for non productive expenses.
A basic financial advice applies here: Invest in a productive business and try not to borrow money for non productive expenses.
So my point is that maybe a poor borrower investing in a bad business will end up poorer. Other scenario, mentioned in the article, are poor people lending money for non productive expenses.
A basic financial advice applies here: Invest in a productive business and try not to borrow money for non productive expenses.