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Is It Ethical To Lend To Working Individuals At A 200% Rate Of Interest?

9 Sep , 2020,
Beth Weissman
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Is It Ethical To Lend To Working Individuals At A 200% Rate Of Interest?

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We’re all acquainted with payday loan providers that are supplying loans to those who can minimum manage it at interest levels that surprise the greediest of business bankers. Can a company that is fintech lends at rates as much as 200per cent yearly percentage rates ever be looked at ethical? In this piece, I’m likely to share my summary.

To assist me get this assessment, we looked to Morgan Simon, a vocal advocate for making use of a social justice lens for impact investing. This woman is the writer of Real Impact: The brand brand New Economics of Social Change and Managing Director of Candide Group.

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