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Does microfinance is a solution to eradicate the poverty from Third world countries??

April 26, 2017countries eradicate microfinance poverty solution world

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Does microfinance is a solution to eradicate the poverty from Third world countries??

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Generally Intt rate is 24 % on Microfinance. To improve the income level through microfinance, one should earn more than 24% on his borrowed capital. Earning more than 24% in small economic activity is not very common.