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should the banking services be made available to the poorest?
July 30th, 2009
Remember that banker is a fair weather friend. When sun shines he holds out umbrella and withdraws it when it rains. Bankers have lost their social objective and are out to prove that their objective is profit. They do not risk their money by lending to the poorest. Moreover poverty does not guarantee prompt repayment and the political elements are there in India to mislead the poor not to repay their loans.
July 30th, 2009
Why?? I am not sure that it would benefit the poorest as most banks charge in some form or fashion as they have a cost to provide the service required. This surely would not benefit the poorest.
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July 30th, 2009
Sure. Eveyone should be encouraged to save and invest for the future.
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July 30th, 2009
Remember that banker is a fair weather friend. When sun shines he holds out umbrella and withdraws it when it rains. Bankers have lost their social objective and are out to prove that their objective is profit. They do not risk their money by lending to the poorest. Moreover poverty does not guarantee prompt repayment and the political elements are there in India to mislead the poor not to repay their loans.
References :