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.
Woman without toilet, running water is too poor to hook up donated trailer to septic tank - USA TODAY - USA TODAY *Woman without toilet, running water is too poor to hook up donated trailer to septic tank* *USA TODAY* That's $8,400 a year for two people; $1...
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