tag:blogger.com,1999:blog-4792949263875673527.post2994465451868763985..comments2010-05-04T21:59:01.302-07:00Comments on Rockefeller College Microfinance Project: Microsavings? NYT Blog PostErzsebethttp://www.blogger.com/profile/13288745734505032677noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4792949263875673527.post-53698827502631998442010-05-04T21:59:01.302-07:002010-05-04T21:59:01.302-07:00This type of structural barrier creates a struggle...This type of structural barrier creates a struggle that microfinance cannot overcome, even if it is executed perfectly. If the interest rate is at -40% every year, anyone would be detered from saving money. <br /><br />Banks accrue profits through people not paying their bills on time and through interest rates. But if a majority of the population default on their credit, the bank has no means ofJoe Hoganhttps://www.blogger.com/profile/02033191832524355537noreply@blogger.comtag:blogger.com,1999:blog-4792949263875673527.post-41411032847052529482010-05-04T21:57:16.393-07:002010-05-04T21:57:16.393-07:00This comment has been removed by the author.Joe Hoganhttps://www.blogger.com/profile/02033191832524355537noreply@blogger.com