>>jacques attali launched one of the world's biggest micro-financing organizations several years before the concept really took off and believes technology played a vital role. >>attali: "micro-financing is using internet quite a lot in order to reduce the cost of intermediaries to finance the poor therefore its useful to reduce the cost of banking. it's useful to link data which is around the world and it's useful to transmit information by all means. it's a tremendous instrument to push the development of micro-financing." >>reporter: however right now micro-financing is facing a backlash with accusations of strong arm tactics from loan collectors, over inflated interest rates and reports of the very poor being coerced into taking loans against their will. the problem has been especially acute in india where more than 50 suicideshave been linked to unscrupulous lenders. >>reporter: big banks are also getting in on the action, sensing a business opportunity that focuses on the vulnerable. >>attali: it's a small problem which is linked to a very specific issue in some countries like ind

>>jacques attali launched one of the world's biggest micro-financing organizations several years before really took off and believes technology played a vital role. >>attali: "micro-financing is using internet quite a lot in order to reduce the cost of intermediaries to finance the poor therefore its useful to reduce the cost of banking. it's useful to link data which is around the world and it's useful to transmit information by all means. it's a tremendous instrument to push the development of micro-financing." >>reporter: however right now micro-financing is facing a backlash with accusations of strong arm tactics from loan collectors, over inflated interest rates and reports of the very poor being coerced into taking loans against their will. the problem has been especially acute in india where more than 50 suicideshave been linked to unscrupulous lenders. >>reporter: big banks are also getting in on the action, sensing a business opportunity that focuses on the vulnerable. >>attali: it's a small problem which is linked to a very specific issue in some countries like india which is