"Many banks prefer clients who can pledge rock-solid 'immovables' -- brick-and-mortar homes, for example -- as collateral which the bank can claim when borrowers do not repay their loans. But what if the immovable is, in fact, move-able? What if it is made of wool and wood, and could be picked up and carted off in the middle of the night by a debtor on the run?
"XacBank’s experience is proof of the micro-finance credo that poor people make the most reliable borrowers..."
-European Bank for Reconstruction and Development
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