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.
Broke in December: Housing, transportation costs can block path out of poverty - Sherman Denison Herald Democrat - Sherman Denison Herald Democrat *Broke in December: Housing, transportation costs can block path out of poverty* *Sherman Denison Herald Democrat* Karam ...
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