Re: [Assam] Fwd: [WaterWatch] Death by Micro Credit-3

2006-09-29 Thread Chan Mahanta
Title: Re: [Assam] Fwd: [WaterWatch] Death by Micro Credit-3 --and worst part is, the military personnel were the main targets. Now with the new law/bill, only millitary personnel will only pay a max of 36% (a real giveaway rate if you ask me), while the rest of the poor may as well go to India

Re: [Assam] Fwd: [WaterWatch] Death by Micro Credit-3

2006-09-29 Thread Ram Sarangapani
C'da Payday loans, as predatory as they are, also are something that many poor people depend on to deal with sudden needs of cash, or between two paychecks, in emergencies. That is obvious - the Govt. can't help them so they go to the private sector. As long as it does not become an ongoing