Original post: https://hexbear.net/post/2511019

  • Goun@lemmy.ml
    ·
    5 months ago

    has profited off predatory micro loans in developing nations

    Wait what? How's that even possible?

    • technocrit@lemmy.dbzer0.com
      ·
      5 months ago

      It's not just possible, it's widespread.

      https://www.bloomberg.com/graphics/2022-microfinance-banks-profit-off-developing-world/

      (TBH it was never very convincing that these capitalists were going to help poor people by extracting their wealth.)