In the U.S., there is a great deal of concern about hidden fees from financial service providers. “Read the fine print!” we are warned, because this is where fees and special conditions hide.
In a small village in Antique Province in the Philippines, I witnessed an entirely different approach. I accompanied staff from Ahon sa Hirap (ASHI) for the training of a new member. Potential borrowers are required to attend several days of training on interest rates, the different types and levels of loans, and the mechanics of group lending in...Continue Reading >>