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Word: ratanbhai (lookup in dictionary) (lookup stats)
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...typically charge up to 20% interest on a four-month loan. As collateral, explains one lender in the bustling town of Pandharkawada, farmers often sign away title to their land. "If they pay back the loan, we give them back their deed," says the lender, who called himself "Ratanbhai" but refused to give his full name because of a recent government crackdown on unlicensed lenders. "If they don't, we get to take their land...

Author: /time Magazine | Title: Seeds of Despair | 5/17/2007 | See Source »

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