mexico: the ugly side of micro-loans
Posted by jonathan - 20/12/07 at 04:12:27 amMy wife and most of our DC friends cut their business teeth working in international development. The field is a great place to learn as I knew many early twenty-somethings who managed global workforces, developed contract and procurement skills while managing multi-million dollar budgets their business counter-parts are only given the responsibility for in their thirties. Many of our conversations center on themes of charity vs greed, but business week hit another interesting one this week with their article, Mexico: The ugly side of micro-loans. It was an interesting note that this market in particular is very good at paying their debt because of social pressure. I wonder what will happens Mexican and American values merge in the 21st century.
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