Microloans – Karma https://karmaimpact.com Advancing people, planet and profit. Thu, 19 Mar 2020 21:03:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Dark Side of Microloans: Poor Kenyans Defaulting Under Sky-High Rates, Report Says /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/ /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/#respond Thu, 13 Feb 2020 23:12:16 +0000 /?p=14894 The dark side of making microloans to the poor is on display in Kenya, where small borrowers are defaulting on loans from Tala, a U.S. fintech firm that claims to lift customers with a dream out of poverty, Bloomberg Businessweek reported. Tala makes loans of $10 to $500 using a smartphone app that instantly offers […]

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