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Free Open Source and Micro finance

The myth of commercial microfinance

Commercial microfinance has seen tremendous public support in recent years. It has been considered a victory for capitalism, in the justification that when everyone works in their own material self-interest, society benefits as a whole, that 'doing good' is congruent with 'doing well for oneself'.

This position is untenable though. A few of the popular arguments for commercial microfinance are provided below, with a discussion on their flaws.

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