I understand a fixed loan and a variable loan, and those are what I'm used to considering when deciding whether to borrow money. I think the issue that the pos

I understand a fixed loan and a variable loan, and those are what I'm used to considering when deciding whether to borrow money. I think the issue that the post brings up is that the target market for the microcredit borrowers consists of people used to flat rate loans, which is totally alien to the target market for lenders. I think the lenders will likely mentally map "flat rate" to the closest thing they are aware of, which is likely "fixed rate."