Belarus Lending Rate

How payday lenders and check tellers help the poor

Our friends at Reason TV have a fascinating new video on the ethics and policy of short-term financial services such as payday loans and check cashing. Interviews with Todd Krainin Teacher. Lisa Servon from the University of Pennsylvania on his recent book America’s Unbanking: How the New Middle Class Survives. …

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Why low-income Nigerians prefer payday lenders to banks

The country’s organized banking system is unable to address people’s financial vulnerabilities, thus opening up space for high-interest microcredit platforms. Microlenders make money available to customers through apps. (Oluwatosin Adeshokan / TRTWorld) In August 2017, Henry Apampa-Aka heard about a lending platform named Paylater, which does not require any paperwork. …

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Payday lenders go after retirees

Some retirees from Tsintsabis neighborhoods in the Oshikoto region are wallowing in poverty due to excessive debt advanced by businessmen at monthly pay points. This often results in retirees returning home with nothing after settling their debts, forcing them to seek more credit.“I am worried for the well-being of my …

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