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.
Resource-rich African countries are less likely to fend off poverty - World
Bank - Business Insider Africa
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Resource-rich African countries are less likely to fend off poverty - World
Bank Business Insider Africa
2 hours ago
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