Hemalatha and other loan borrowers show pass books given to them by a micro finance company at Ibrahimpatnam, on outskirts of the southern Indian city of Hyderabad, May 19, 2011. Photo: Reuters
Hemalatha and other loan borrowers show pass books given to them by a micro finance company at Ibrahimpatnam, on outskirts of the southern Indian city of Hyderabad, May 19, 2011. Photo: Reuters

In microlending, trust is repaid

Paul Letters' experience with extending a small loan to a poor farmer has persuaded him that it can help to alleviate poverty

Hemalatha and other loan borrowers show pass books given to them by a micro finance company at Ibrahimpatnam, on outskirts of the southern Indian city of Hyderabad, May 19, 2011. Photo: Reuters
Hemalatha and other loan borrowers show pass books given to them by a micro finance company at Ibrahimpatnam, on outskirts of the southern Indian city of Hyderabad, May 19, 2011. Photo: Reuters
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