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/ 18 December 2007

Microcredit helps half a billion, problems remain

Microcredit, tiny loans to the world’s poorest, is booming and now benefits more than half a billion people but Africa and Latin America lag behind Asia and unscrupulous lenders are cashing in. The Microcredit Summit Campaign surveyed more than 3 000 microcredit bodies around the world and found they reported reaching 133-million people by the end of 2006.