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Hi,
Aug 17 00:44 am
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All Comments by captainjohann »India: The Next Subprime Crisis? [View article]
The people who get microfinance in India have only their REPUTAION IN NEIGHBOURHOOD and Bare hands(labour) as security. So they guard it with all their might. It is this which banks are exploiting and making profit.If they fail due to poor monsoon or political pressure to default, then the problem comes.