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Any informed borrower is simply less vulnerable to fraud and abuse.
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent, to borrower and lender both.
Debt is a mistake between lender and borrower, and both should suffer.
Of all created comforts, God is the lender; you are the borrower, not the owner.
Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
