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You are here: Home / Asian Development Bank / Farmers in South Pacific Bet on Beans for Loan Collateral

Farmers in South Pacific Bet on Beans for Loan Collateral

MicroFinance Pasifika, March 2016

aminakiThe tiny South Pacific island nation of Tonga has become a trial ground for one of the most expansive credit reforms in the world, as banks allow vanilla farmers to use a new kind of collateral: their crops. Photo/Video: Paolo Bosonin/The Wall Street Journal.

View the video report produced by the Wall Street Journal, here.

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