Michael Walther

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The Savings and Credit Association (SCA) associated with God’s Compassion Church dispensed a total of forty-one relatively low-interest loans, enjoying a 100 percent repayment rate. Moreover, the interest paid on the loans enabled the SCA members to earn dividends on their savings that averaged 50 percent in annual terms.
When Helping Hurts: How to Alleviate Poverty Without Hurting the Poor . . . and Yourself
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