Back on May 15, I posted a blog about micro-financing, with a warning that it’ll soon be devastating the Philippines.

Backed by GMA, a new program will take P500 million (out of P8 billion collected exploited from the rise in oil prices from the backs of the masses) for micro-loans….  (which continues to skim off the top from their hard labor).

That’s about as backwards as you can get…

Advertisements