4 ms·
Those interest rates are extortionate. I don't care what nuance or anecdotal hypothetical feel-good story you tell yourself. This stuff is exploitative and, eve
by macawfish 6y ago
Those interest rates are extortionate. I don't care what nuance or anecdotal hypothetical feel-good story you tell yourself. This stuff is exploitative and, even worse, exploitative in the name of "doing good".
- anon102010 6y agoWhat a clueless comment. Inflation rates in Zimbabwe and Venezuela are FAR higher than these rates as a quick example to show context matters do real rates may be negative. And these rates are lower than payday and can unlock 3x returns for borrowers. The west takes access to capital for granted.
- sukilot 6y ago(1) Zimbabwe and Venezuela are two extreme examples. (2) microfinance is not those currencies.