A bullock cart for Ramrao Daily News & Analysis
With two mouths to feed at home, and the interest mounting on a loan taken for marrying off his youngest daughter Sarika last year, he’s anxious to ensure he’s able to grow paddy this season. “I’ve not even been able to pay the interest to the moneylender for that loan. Every passing day feels like a noose tightening around my neck,” he says. He’s been using a neighbour’s cart to lug hay and farming equipment for now, but once tilling begins, the neighbour will want his cart back.Tadpalliwar has spent the better part of the week going to the tehsil office and pleading with contacts so that he can get a loan from a money lender before it is too late. Ask him why he can’t go to a bank, and he laughs. “That is all for big people in cities,” he says. “There’s just one bank and after a week of running around there, I realised that it will take me really long just to get my BPL (below poverty line) papers done. Even if I get them and bribe all the right people, the loan could take several months to come through. The paddy season will have come and gone by then.”
$200K Student Loan Debt Website
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The Credit Crunch Guide To Saving Cas
The current economic situation is forcing more people into financial hardships – this guide provides some useful, common sense tips to help stretch the home budget a little further each month.
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Ireland's debt crisis - live coverage
CBC.caIreland's debt crisis - live coverageCowen refused to take questions about remarks from the governor of Ireland's Central Bank this morning that the country may have to take some kind of loan “Could a bank bring down a country?”all 9,418 news articles »
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Macro problems plague microfinance industry
Another report by Bharat Microfin said the total outstanding loan portfolio grew from Rs 3456 crore in 2007 to Rs 11734 crore in 2009. and more »
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What were they thinking? Swapping SCF paper for Strategic's loans purported to add $150m of equity to SCF. Strategic Finance, of course, was and is a basket case. and more » |
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Peripheral debt concerns intensify The EUR appears to have taken over from the USD, at least for now, as the weakest link in terms of currencies. EUR/USD looks vulnerable to a break below and more » |
