Generate text that refutes this claim: Debt cycles and the curse of microfinance  Microfinance is incorporating free market ideologies and subprime (lending to those who may not be able to repay) lending at a smaller scale. Unstable crises’ form as a result, and debt is intensified for the poorest - of which are given access to credit they are not able to repay. This is a problem with all lending, microfinance is no exception.  In India the pressures of microfinance repayment has become linked to suicide and early mortality (Biswas, 2010). The stress of looking for microcredit, and then how to pay it back, has created a crisis within the microfinance industry. Regulation is required on the microfinance organisation: controlling the distribution of credit and the use of threats if the individual defaults.
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Africa’s microfinance schemes can be different, and are fundamentally different. Across Africa there is a history of informal lending. Microfinance is not new, but rather embedded in traditional practices. This means communities are aware of the obligations, rules, and practice of microfinance.  Additionally, the path taken by microfinance lenders shows stricter controls are being taken to ensure that the loans are not subprime. In a bid to ensure the safety of the poor the Bank of Ghana has set up minimum capital requirements for the borrower and new regulations to ensure money-lent is repayable.