Recipients form groups of five and members qualify for future loans only if all are current on old ones. The results are hard to argue with - the bank says it has a 99 percent repayment rate.
Many Asian groups do the same thing here in the USA. Loans get paid back by the those who succeed while the losers are frozen out even as their debts get repaid (although sometimes they must repay their debts within the community). It works extremely well, especially in rural villages and tight-knit ethic communities.
at least they didn't give it to Cindy Sheehan lol
Yeah, yeah, and "the opportunities are unlimited".