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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 21
Microlenders have been the subject of some criticism because, although one of the goals of microcredit is to provide impoverished borrowers access to affordable loans, in many cases, the interest rates that are charged for the loans can be quite high. Why might the interest rates be high? What are some consequences of very high interest rates?
Explanation
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Micro lenders:
Creditors those they are...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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