Serge Lang, a math professor at Yale, used to give his Calculus students a fairly simple algebra problem on the first day of classes, one which almost everyone could solve, but some of them solved it as quickly as they could write while others took a while, and Professor Lang claimed tha...
Microfinance loans are expensive, the average interest rate in 2011 being a huge 35%. The small size of the loans, high risk of default and huge operational costs push up the interest rate for those who are most in need of credit. FirstAccess is a startup in different countries in Africa...