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Tag: Philippines

  • Understanding Vendor Debt Dynamics in India and the Philippines

    Understanding Vendor Debt Dynamics in India and the Philippines

    Many street vendors rely on daily or weekly loans from moneylenders to finance working capital. Given the high interest rates, why do they not use a little bit of each day’s earnings to buy working capital, thus borrowing less? To explore this question, this article discusses three experiments that were conducted in India and Philippines,…

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