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How Loans Hurt the Poor

Description:Prabhu Guptara explains how loans are harmful for the poor. Charging interest on loans exacerbates the difference between the rich and poor; loans can increase poverty. The technical term for this is usury – usually understood to mean the charging of excessive rates of interest by loan sharks. (7:09)

Source: BigPictureTV

Tags: How Loans Hurt the Poor , bigpictu , borrowing money , economic effects of charging interest

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