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Correctly created banking institutions can offer a getaway through the poverty trap

Correctly created banking institutions can offer a getaway through the poverty trap Estimated reading time: five minutes Editor March twentieth, 2014 Estimated reading time: five full minutes almost one fourth of households within the cheapest earnings bracket are not able to borrow through the high-street banking institutions and therefore usually become spending crippling amounts for credit. Pamela Lenton and Paul Mosley investigated the part of community development finance organizations in…