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With high interest rates the burden of borrowing money is too much for the co-borrower.
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The interest rate increases the cost of borrowing money, and hence, it reduces investments.
Many guardians spoke of borrowing money to cover medical expenses.
There was no significant difference in rate of borrowing money for illness treatment between the two project areas.
The strategy of borrowing money or selling assets to cover payments is reported more frequently for inpatient than for outpatient services.
Such borrowing is common in finance, but assumes the return of borrowed money.
Youser put in an additional $475m of borrowed money.
He stimulated demand with vast injections of borrowed money.
The use of borrowed money increases Annaly's risk, however.
On the eighth day of hospitalization the second interview collected information on treatment received, treatment related out-of pocket expenditures, annual household income, amount of money borrowed to pay for treatment, source of borrowed money, and interest rate charged.
This was followed distantly by the other mechanisms like use of borrowed money, selling of moveable assets and family land, subsidy, deferred payment, community solidarity and exemption.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com