Microlending is a practice that provides funds for entrepreneurs in developing countries who couldn't normally get loans. Tune in as Josh and Chuck discuss the pros and cons of microlending in this podcast from HowStuffWorks.com.
This Stuff You Should Know episode explores microlending, a fascinating economic system that provides small loans to entrepreneurs in developing countries who wouldn't normally qualify for traditional bank loans. Josh and Chuck discuss how this practice, pioneered by Nobel Prize winner Muhammad Yunus and his Grameen Bank, aims to lift people out of poverty by giving them startup capital for small businesses. They cover both the inspiring success stories and potential pitfalls of microlending, including how everyday people can participate through websites like Kiva.com.
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