Far Below Subprime, the Credit News Is Good

While lending in the subprime mortgage market in the U.S. has turned sour, the credit business at an even lower level of borrower is booming.

Microloans of as little as $50 and rarely more than a few hundred dollars are proving to be an effective remedy for world poverty. They are also becoming attractive investments.

Repayment rates are superb, rarely lower than 96%, with a track record that beats that of most commercial banks, and demand is soaring. ...