Microfinance
Global Investor Focus, 02/20065 Credit Suisse
Global Investor Focus, 02/20065
Credit Suisse
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A daily<br />
interest rate of<br />
20%:<br />
For every five pesos borrowed in the morning,<br />
six must be repaid by the evening –<br />
these are standard conditions set by<br />
loan sharks<br />
in the Philippines.<br />
Source: Consultative Group to Assist the Poor (CGAP) website
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