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I was so far unable to grasp the justification for the extremely high interest rates of micro loans. What is going on, and how can such high interest rates ever
by Tichy 16y ago
I was so far unable to grasp the justification for the extremely high interest rates of micro loans. What is going on, and how can such high interest rates ever work?
- edge17 16y agothe loans are non-collateralized loans and short-term, and the borrowers are high risk. Think about a pay-day loan with no collateral.
- yummyfajitas 16y agoThey are risky investments in projects which supposedly have high rates of return.
- edge17 16y agoalso high rates of default