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"They say: 'We were honest and got nothing; those who were dishonest got their loan waived.'"Some fear the government's largesse will do lasting damage to a culture of prudent borrowing, productive investment and prompt repayment.
But Lamidey's argument is that 94% of CFA customers report satisfaction, a verdict resting on greater transparency, prompt repayment rates and only – on average – two rollovers per loan; ie the loan rolled over for another month.
"I made it clear that I expected full and prompt repayment and that if there was going to be any problem repaying the loan it should not be taken out," he says.
But it took more than an argument to abolish the institution, mainly because it was so horrible that it worked, at least as a threat: few things motivate prompt repayment of money owed better than the prospect of a dark, dank dungeon where rats and smallpox thrive while men and women shrink and shrivel and starve and die.
Finally, this case perfectly illustrates the hidden costs of not repaying upon termination and of not subsequently settling – which is not to suggest that there are cases in which prompt repayment or settlement are foolish strategic/tactical moves.
By doing this, you're establishing a history of prompt repayment.
Similar(53)
Most of the major credit-card companies now have products for non-standard borrowers, charging high rates to begin with, which prompt repayments bring down.Asda, a supermarket chain, is launching credit cards through its stores graded for six different risk categories.
In Latin America, lenders have been accused of charging usurious rates, prompting repayment strikes.
"For Greece, the problem of lack of growth amid the deep fiscal austerity measures will continue as the eurozone rescue package continues to focus primarily on ways to guarantee prompt debt repayment rather than a medium-term growth strategy for Greece".
Literate borrowers repay more of the loans obtained than those who are illiterate, as the former understand the advantages of prompt loan repayment and do not regard such a loan as an entitlement.
She claims to have borrowed the money from a crime mob who are harassing her for repayment, which prompts Connor to steal money to try to pay it back.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com