He who increases his wealth by exorbitant interest
amasses it for another, who will be kind to the poor.
In the Philippines, there are some usurious practices, like lending money called "five:six" (for every five pesos borrowed, the creditor earns one peso or 20% per month, payable in one month on a daily basis.) This is not legal though, but those who are really in need and do not have the capacity to borrow from financial institutions succumb to the loan sharks.
I notice that some lenders earn big money, but lose it eventually because of a lingering illness or accidents where the lender has to spend large sums of money.
No comments:
Post a Comment