at least in the US, micro-borrowing didn't take off because its already easy to get credit.
What is concerning is that micro-lending for e-commerce is taking off with services like affirm, which looks like a dangerous economic signal when people are using it to finance purchases under $100 dollars.
basically any major boost in micro-lending in the US would be a warning and not anything to celebrate.
Good points... And I commend you for staying on topic with that last paragraph.
Literally all of the warning lights are blinking (due to intentional neglect and corruption across the board), but the micro-lending bastion is safe for now.
What is concerning is that micro-lending for e-commerce is taking off with services like affirm, which looks like a dangerous economic signal when people are using it to finance purchases under $100 dollars.
basically any major boost in micro-lending in the US would be a warning and not anything to celebrate.