Put another way, over the past five years, the amount of money that Australian households had left over to spend, after paying taxes and interest on all their loans, grew in real terms at the fastest rate in over 30 years. What contributed to this surge in incomes?
Second, microfinance loans are characteristically used for additional capital to grow an existing business. The loan amounts are not very large. Some microfinance institutions even use a growth-loan process where the clients start off with a very small loan and can only access larger loans incrementally after showing a good repayment record.