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Microfinance companies have been accused of predatory lending and collection practices so harsh that they drove some borrowers to suicide. One state government in India has enacted legislation that will, in effect, put the microlenders out of business.
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Full story at http://www.npr.org/2010/12/31/132497267/indias-poor-reel-under-microfinance-debt-burden?ft=1&f=1006
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