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With a small pot of money ($500), a Duke student established a microfinancing project for teens in the northern Togolese village of Farendé in 2013. After schooling herself in principles of the local economy, especially local conceptions of debt and credit, and interviewing the heads of other microfinance lenders to learn best practices, she conceived an innovative lending scheme and vetted applicants, selecting seven for small loans. Unheard of in this area, where microfinance lending is reserved for adults alone, this lending arrangement boasts inordinately high rates of return (greater than 90%). The chapter details the road to teen micro-lending...

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