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At what interest rate do these micro-lenders and 'loan sharks' and banks offer loan?
Microlenders are private institutions or individual that engages in services similar to banks. They offer loans to individuals. [ [ They are loan sharks because they charge an exorbitant amount of interest, a rate that is very high compared to the regulated rate in banks and other financial institutions. ] ]
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Expert answered|OxTornado007|Points 5488|
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Asked 9/20/2012 11:39:25 AM
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