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They prefer loans with adjustable rates.
They are loans with a difference, however.
Replacing loans with grants changes the calculation.
While the loan — with 13percentt interest!
Princeton University replaced some student loans with scholarships.
Some customers repaid loans with cow's milk.
"It's a loan with very favourable conditions".
Even so, Countrywide embraced such loans with gusto.
It offers loans with a typical rate of 69.5 per cent.
Most MFIs have loans with one- or two-year tenures.
3 November: The Federal Reserve targets consumer loans with a $400bn programme.
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