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This situation can be better understood in the light of the crippling external debts that the Philippines inherited from the days of the Marcos regime (1965-86), westernstern governments and institutions financed the dictator with loans to secure his loyalty during the cold war.
Committed social-impact investors could catalyse lower-end borrower interest rates so more people could afford small loans to secure water and sanitation services.
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He studied economics at Hull University, became an accountant at Tempest Diesel, and used a bank loan to secure a buyout of the company, which he renamed Allam Marine.
The government, said a pale-faced Industry Secretary in time for Thursday's 10 O'Clock News, had done everything it could, including offering a £100 million bridging loan to secure the SAIC deal.
Councillors voted unanimously in favour of issuing the £14m loan to secure the venue's future.
The order, like others, backfired, making loans harder to secure.
Some 14percentt of small businesses found loans harder to secure in August than in July, according to the most recent survey by the National Federation of Independent Business.
With loans hard to secure, many would-be customers cannot bid on the merchandise in his inventory.
Now, with the Chapter 11 filing of US Airways, which had applied for a $900 million loan guarantee to secure a $1 billion loan, the board takes on a new role as a potential financier of companies actually arising from bankruptcy.
It is asking for the federal loan guarantee to secure $2 billion in private financing.
Loans were tough to secure.
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