| Micro practiced all over and maybe even credit cards could be a version of micro lending. Any non Muslim governed country (Muslim law prohibits loans) that's third or fourth world practices micro-lending.
Generally mico-loans can start small businesses with just a few hundred dollars. $500 can start up a curb side business (like a BBQ stand) in Mexico. I think creating small businesses is where most of the money goes too and the banks get the money back from the profits made by the new business. |