The website MYC4 may have found a good solution to the problem of high interest microcredit loans. MYC4 lets lenders compete in an online action for the right to give a loan to a small African business. The lender with the lowest interest rate wins the auction.
From CNN, reporter Max Foster interviews Tim Vang one of the founders of MYC4.
Cities set the pace on fighting poverty, climate change but who will pay? - Reuters - *Cities set the pace on fighting poverty, climate change but who will pay?* *Reuters* NEW YORK (Thomson Reuters Foundation) - Fast-growing cities will dete...
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