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The story covers a microfinance crisis in the southern Indian state of Andhra Pradesh, triggered by sensationalized newspaper accounts of suicides among over-indebted clients of some of India's biggest microfinance institutions (MFIs): SKS Microfinance, Spandana, Share, and others.
In the quest to meet their growth targets, loan officers often sell loans to clients already indebted to other organizations.
The plan is one of a dozen efforts across the country to address two acute — and seemingly contradictory — problems: heavily indebted law graduates with no clients and a vast number of Americans unable to afford a lawyer.
SDBO counts Bernard Tapie, a heavily indebted businessman and left-leaning politician, among its clients; while in 1990 CLBN lent huge sums of money to two Italian businessmen, Giancarlo Parretti and Florio Fiorini, to buy Metro-Goldwyn-Mayer, a Hollywood film studio.
This method, introduced as early as 1984 by Bank Rakyat Indonesia, works wonderfully well when clients have existing microbusinesses and are not already highly indebted.
Last Tuesday, Mr. Lee gathered about 160 of of his biggest clients to discuss the volatile market for junk bonds and loans to highly indebted companies.
The expense of law school breeds over-indebted graduates and over-charged, and in the case of the poor, under-served clients.
Many politicians cite the existence of clients with loans from several MFIs at once to argue that the poor are over-indebted.
We are indebted to the social service centers for supporting the volunteers and the volunteers who provided the social services to the clients.
We're indebted to him.
Britain is massively indebted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com