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Established for-profit microfinance companies

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P4-6 Numerous Banks and venture capitalists have established for-profit microfinance companies to provide small loans to villagers in India and in numerous African nations. Yet some critics have argued it is immoral to profit from the poverty of those impoverished peoples. Do you agree? Should microfinance be limited to not-for-profit organizations like Grameen Bank?

Reference no: EM132989793

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