In a previous post, I mentioned that many clients of microfinance pledge real items not just their reputations as collateral on their loans. (Please see “A message from Uganda” for a more in depth discussion of the idea.) A comment was made that asked a few interesting questions. I started to directly reply on the post, but realized that the answers were long and that they might be interesting to others.
(As a side note — those of us who are writing on this Blog love hearing your comments on our postings. Please comment if you are so inspired, especially if you have...Continue Reading >>