How the poor can fight back against the banks
- Michaela Collord
The small business owners revolution in Tanzania: Form a poor people's bank.
I live in Manzese, on Mvuleni Street. [Manzese is a working-class area in Dar es Salaam, Tanzania’s commercial capital – Editor]. I own a small business. We, small business owners, find ourselves taking out loans because of the difficult living conditions we face; so, we go for loans to get capital. Because the commercial banks refuse to lend to us as we lack collateral, we have invented new strategies to lend amongst ourselves.