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In terms of loans extended by foreign creditors, Argentina was by far the biggest emerging market.
It is now surviving on $4.4 billion in loans extended last month by local creditors.
The other is the drying up of finance, from trade credit to syndicated loans, extended by euro-zone banks.
Wilmington was more exposed than most, with almost half its loans extended to construction and real estate.
That would be expansionary when compared with the 7.5 trillion renminbi in new loans extended in 2011.
The flip-side is they are then locked-out of concessional finance (loans extended at below-market rates).
Similar(6)
M-banking schemes can be combined with microfinance loans, extending access to credit and enabling users to establish a credit history.
The lawyer, Robert S. Bennett, said that Mr. Lay was repaying a loan extended by the company.
The company will receive another $5 billion in the coming months as a loan extended to the wireless arm is repaid.
explained that Treasury — under the Obama administration — "wrote off $1.6 billion" of the "original $4 billion loan extended to the old Chrysler".
Through him the circus was financially reorganized; the loan extended and circus was again the Ringling family.
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