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Microlenders, Honored With Nobel, Are Struggling

January 5, 2011

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By VIKAS BAJAJ, NYtimes.com MUMBAI — Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding […]