The NYT put out a story today that talks about the entrance of big banking institutions into Microfinance, and the outrageous interest rates; some over 100% annually that they are charging. I think this raises a larger question for the world of social entrepreneurship. When a socially entrepreneurial model for creating a sustained business is proven, what is there to stop traditional business from expanding into that niche with profit as their primary goal not social good?
New York Times Article: Big Banks Draw Profits From Microloans to Poor
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