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.
Aid agencies beg to help crisis induced by Myanmar’s military crackdown - Humanitarian agencies are pleading with the government of Myanmar to let them help the displaced people of strife-torn Rakhine state, where a recent severe...
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