Because I don't have an answer for you I will ask more questions. What happens when historians default on these micro-loans? What if historians show a pattern of defaulting?
Other than the potential of a reverse snowball, the melting snowball, I think it is a great idea!
Good question! My understanding is that microloan recipients default at a pretty low rate, but it would happen, for sure. And accountability would be key. I don't have a nice neat answer but I also imagine that if the snowball started rolling, it might attract outside investment to build a bigger safety net.