Image via WikipediaThere has been a stupid debate going on for a few years now that has taken new life the past few months. There is a school of thought that says microfinance can be non profit and non profit alone. There has been some serious abuse of microfinance. A lot of MFIs - microfinance institutions - have been messing up the last mile in serious ways. Charging ridiculously high rates is one of them. Some debt collection methods have been shady.
