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> Are creditors in China commonly non-rich individuals? Are micro-loans a significant portion of what's being talked about here? I'm asking this as a serious qu
by dis-sys 8y ago
> Are creditors in China commonly non-rich individuals? Are micro-loans a significant portion of what's being talked about here? I'm asking this as a serious question.
From what I saw/met, most of those debts happened between average individuals. That is how the list end up having millions of cases.
I randomly checked a few cases on that list, most of time, the amount of debts are a few thousand USD. It is not some micro-loans for average guys on streets, it is close to one year of their wage.