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.
The Indonesian waste pickers trading trash for healthcare - A scheme aims to tackle poverty and waste in Indonesia by collecting rubbish from some of country’s poorest people giving them health insurance in exchan...
2 hours ago