It takes the average reader 4 hours and 34 minutes to read Extreme Microfinance by Kim Wilson
Assuming a reading speed of 250 words per minute. Learn more
Microfinance reaches a slim fraction of people living at the base of the economic pyramid and where it does reach them, services are often clumsy and irrelevant. In many cases, microcredit has merely replaced the high interest rates of moneylenders with slightly lower rates and more rigid demands on lenders’ time. Yet families continue to survive by means of elegant homespun methods: they hide money, wear money, bury money, hand it to neighbors, or convert it to gold, bricks and cattle. They borrow it from friends, neighbors and moneylenders. While these strategies brim with creativity, in the end, they keep families in perpetual debt. Savings groups have recently surfaced as a potent competitor to both microcredit and the moneylender. In savings groups, women make regular deposits into a group fund, and then borrow from that fund. Savings groups represent an organized market for financial services and serve as a powerful catalyst for other kinds of social development. This book examines the formation and impact of savings groups, their limits and flaws, and their economic and social potential. With case studies from around the world, Extreme Microfinancereveals a financial landscape filled with alternatives to predatory and ineffective lending systems.
Extreme Microfinance by Kim Wilson is 272 pages long, and a total of 68,544 words.
This makes it 92% the length of the average book. It also has 84% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 14 minutes to read Extreme Microfinance aloud.
Extreme Microfinance is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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