It is a pass-along; one person takes money from many sources and loans it to a few who are never made to repay it when their fortunes fail to improve.
This is a real capitalistic, money-making banking business, and his repayment rate is 98%. He's probably done more for the people of his country than any government-conceived plan or World Bank loan.
" is a pass-along; one person takes money from many sources and loans it to a few who are never made to repay it when their fortunes fail to improve."
See my post 24. They do indeed repay. The program is very successful.