Profit-oriented interest payments
- Lack of mutual credit societies
Nature
Profit-oriented credit exchange systems results in rigidity in credit availability and terms, so that someone needing a loan for hospital bills may pay the same rate of interest as someone obtaining a loan to take a vacation. With a view toward maximizing a secure return on funds, extensive loan restrictions are placed on applicants, excluding needy applicants who cannot meet rigid credit requirements.
Broader
Aggravates
Related
Strategy
Value
SDG
Metadata
Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
Content quality
Presentable
Language
English
1A4N
D2552
DOCID
11425520
D7NID
166613
Editing link
Official link
Last update
May 20, 2022