The Hold Of Moneylenders Grows To A Record High

   A recent report by IndiaSpend states that professional moneylenders, who can charge up to four times more interest than the government’s banking system, hold more rural debt than ever, from 19.6 percent in 2002 to 28.2 percent in 2013. According to a 2017 study by Stanford University’s Center on Global Poverty and Development, farmers take loans from informal sources at high rates of interest[Read More...]
The post The Hold Of Moneylenders Grows To A Record High appeared first on Countercurrents.