I agree with your final point that blockchain can definitely help to slask administrative overheads. However, one tends to over look that there are other reasons behind the high interest rate charged on these small micro-loans, and one of it is the risk of default of the 'poorest of the poor' as you mentioned.
RE: Self Help Groups or SGH's
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Self Help Groups or SGH's
That is an element, but there are other creative ways to mitigate that risk as I will discuss in further articles.
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