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Coffeeshop Chit Chat - Ho Ching worse than illegal Moneylender</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Raffles1823 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Dec-3 2:19 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 7) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>41811.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>
Temasek Holdings Pte put money into the world’s largest market for micro-loans as lending and profits swelled. A spokesman for Temasek declined to comment. The company invested $50 million in Spandana in August 2009, according to Chennai-based research service Venture Intelligence.
Why are Microfinance Interest Rates so High? Asian Development Bank Paper Explains
In a paper published by Asian Development Bank (ADB), Nimal A. Fernando offers an explanation into why microcredit interest rates are so high, and what should, and should not be done to address this. The paper, entitled Understanding and Dealing with High Interest Rates on Microcredit, is addressed toward Asian Policymakers who have become increasingly critical of the high interest rates being charged by microfinance institutions (MFIs).
Interest charged on loans is the main source of income for MFIs. Thus they must be high enough to cover operational costs. Since microlending remains a high-cost operation, interest rates remain high. Mr. Fernando reports that MFIs in the Asia-Pacific region charge rates ranging from 30 to 70% a year.
http://microcapitalmonitor.com/cblog/index.php?/archives/284-Why-are-Microfinance-Interest-Rates-so-High-Asian-Development-Bank-Paper-Explains.html
Ho Ching, you are a bloody moneylender worse than our local Ah Long....... you exploit the poor with 30 to 70% interest rate.
May you receive the curses of the poor....... I spit on you...
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Temasek Holdings Pte put money into the world’s largest market for micro-loans as lending and profits swelled. A spokesman for Temasek declined to comment. The company invested $50 million in Spandana in August 2009, according to Chennai-based research service Venture Intelligence.
Why are Microfinance Interest Rates so High? Asian Development Bank Paper Explains
In a paper published by Asian Development Bank (ADB), Nimal A. Fernando offers an explanation into why microcredit interest rates are so high, and what should, and should not be done to address this. The paper, entitled Understanding and Dealing with High Interest Rates on Microcredit, is addressed toward Asian Policymakers who have become increasingly critical of the high interest rates being charged by microfinance institutions (MFIs).
Interest charged on loans is the main source of income for MFIs. Thus they must be high enough to cover operational costs. Since microlending remains a high-cost operation, interest rates remain high. Mr. Fernando reports that MFIs in the Asia-Pacific region charge rates ranging from 30 to 70% a year.
http://microcapitalmonitor.com/cblog/index.php?/archives/284-Why-are-Microfinance-Interest-Rates-so-High-Asian-Development-Bank-Paper-Explains.html
Ho Ching, you are a bloody moneylender worse than our local Ah Long....... you exploit the poor with 30 to 70% interest rate.
May you receive the curses of the poor....... I spit on you...
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