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Market Opportunity is the Real Path to Progress

Seth Cochran

400 million middle class people and economies growing around 6%. Wake up world, Africa has arrived! Mohammed Yunus monetized personal relationships by showing that commitment to the group is all the collateral needed to have loans repaid. The resultant market opportunity for unsecured financing to the poor has unlocked over $38B of microcredit to 74 million people. What will the commercial opportunity of Africa's growing middle class bring?

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