You're right, and I agree that such collateral shouldn't be acceptable, but it is not what I meant. In the 90's European microlenders utilized a complex web of

You're right, and I agree that such collateral shouldn't be acceptable, but it is not what I meant. In the 90's European microlenders utilized a complex web of fees, rules and penalizations to grow the debt from few hundreds today's Euros to thousands or dozens of thousands, ans in response the EU regulation of financial services came to be. That is not possible in China, the regulation regarding the structure of the product is very similar to Europe.