Moneylenders Still Key in India


Moneylenders Still Key in India
BY GABRIELE PARUSSINI — Shefali Anand in Mumbai contributed to this article.
The Wall Street Journal Europe
Mar 26 2015

LUDHIANA, India—Three bank branches stand across the street from Ajay Kumar Jaswal’s vegetable stand. But their loan officers shun his small business, forcing him to pay up to 20% quarterly interest to an illegal moneylender for the roughly $ 160 he…read more…

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