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    1,000 Microloans For Rural Women In East Africa

    This transition of microlending from small lenders to big banks has involved some modifications to resolve the low margin as well as high expense of processing these finances. For example, financial institutions have started loaning to teams as opposed to individuals to minimize the expense per financing. Group financing also enhances the probability of payback due to the effect of peer pressure. These lending institutions, or Community Growth Financial Institutions, have providing portfolios that supply many different bank loan. As we understand, microloans are a small amount of finance with high interest rate, their financing term is much shorter when compared to standard organization financings. Given that a lot of…

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