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A loan helps her children get a good education, and in time she thinks even the politicians will change.
The consolidation loan helps the borrower manage debt by refinancing one or more loans into a new loan, resulting in just one, usually lower, monthly payment and extending payment over a longer period of time.
The loan helps explain how the Charoen Pokphand Group, an agribusiness giant based in Thailand, was able to complete one of the biggest deals ever in China, a $9.4 billion acquisition of shares in Ping An.
Peter Tutton, head of policy at the debt charity StepChange, told the committee that many borrowers were "in a hole and a payday loan helps them to dig the hole deeper".
Still, the loan helps to illustrate how the Bush administration has moved in a short time to soften its criticism of financial assistance to struggling economies, as it reacts to the threat of economic contagion and political instability in Latin America.
Peter Tutton, from the StepChange debt charity said that many borrowers were "in a hole and a payday loan helps them to dig the hole deeper".
Similar(51)
Mr. Lucci said a $45,000 S.B.A. loan helped him get by and has been paid back.
A €500,000 ($660,000) loan helped buy a house for Mr Wulff and his new wife in 2008.
The loan of $50,000 from a savings and loan helped Mr. Coelho buy $100,000 in high-yield Drexel Burnham Lambert junk bonds.
The loan helped Telsim buy Motorola products, but Motorola says the Turkish company has been in default since June.
On the Russian side, the loan helped stabilize Russia's balance of payments crisis in the recession that began in 2008.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com