Is It Ethical To Lend To Working Individuals At A 200% Rate Of Interest?

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We’re all acquainted with payday loan providers that are supplying loans to individuals who can minimum manage it at interest levels that surprise the greediest of business bankers. Can a company that is fintech lends at rates as much as 200per cent yearly portion prices ever be looked at ethical? In this piece, I’m planning to share my summary.

To assist me get this to assessment, we looked to Morgan Simon, a vocal advocate for making use of a social justice lens for impact investing. She actually is the writer of Real Impact: The brand New Economics of personal Change and Managing Director of Candide Group. Continue reading