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There is little data for the informal sector, but microfinance lenders operating in the region put the repayment rate for official loans as high as 99.8%.
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The Greek and Irish bailout deals wrongly put the full repayment burden on the hard-pressed taxpayers of these two countries, sparing the rich country creditors who made big profits lending to what they should have known were risky borrowers.
But be sure to put the rate and the repayment terms in writing.
It has also put back the repayment of existing loans of £30.6m owed to Veronis Suhler Stevenson to 12 July.
Before you take advantage of all these repayment options, remember that putting off the repayment of a loan or paying less every month means that you remain a debtor for a longer period of time.
Hollinger is trying to negotiate a deal whereby the shareholders are paid 8% interest - rather than the current 7% - in return for putting off the repayment of the $101m due until April 2008.
Why do we have to put the taxpayer at risk for the actual repayment of people's mortgages?
Under FSA regulations, which will come into force in April 2014, lenders will have to put this repayment plan under greater scrutiny with a full affordability assessment.
That means putting the terms in writing, including the repayment schedule, and charging a fair market interest rate.
Putting the machinery in place for repayment was the tricky part, requiring students to pay something up front is just a matter of political will.
Students still in school may consolidate their loans by asking that the loans be put into repayment status early.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com