The last year saw many reports of abuses by micro-finance companies, depts striken families ruined as praying lenders forced them into the dept cycles. Here is some good news from new regulations imposedon credit institutions. In 3 points, the new rules require that all borrowers be registered in a central database so as that all lending agencies can access the credit history of the lender; a borrower can have only take loans from two seperate credit agency at a single time; and all lending rates have been capped so that usurious rates (a prime cause of past problems) can not be applied. A whistle blowing mechanism has also been introduced to safeguard these rules. Let’s hope that confidence can be maintained and this wonderful tool for poverty alleviance can be allowed to do its work.