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Why the poor people are willing pay the higher interest rates?

April 26, 2017interest rates pay people poor willing

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Why the poor people are willing pay the higher interest rates?

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Despite the interest being very high Clients the poor people are willing pay just to assure long-term access to credit. They recognize that the interest rates in the informal finance sector (moneylenders, etc.) are very high but are better than simply no access to credit at all.