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Mikolowiska Mikolowiska
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Comments by "Mikolowiska Mikolowiska" (@mikolowiskamikolowiska4993) on "The Dark Side of Microfinance" video.
@RatanGain 24% is better than no loan Too bad poor people cannot manage money well.
14
The whole point me business is to make a profit
10
If e pain you, educate our ppl to not take the loans until they have a solid business model
2
Then go start your company
2
@ThabiPoopedi if unsophisticated borrower is going to borrow, burden also falls on them. It goes both ways. Nobody bats an eyelid when unsophisticated ppl put their hands in fire and learn to not do it
2
Ppl get Nobels for a lot of virtue signalling
2
The love of money is not the bankers
2
You prefer north Korean dictatorship?
1
Why do you think?
1
Poverty continues cos ppl are lazy
1
Low interest = low donations
1
So tyranny?
1
Demand and supply
1
Nobody is going to do all that jazz for a $100 loan
1
Who's gonna take care of you when you too old to work?
1
Not slavery
1
It's very hard as educated people spent money to get educated and want instant returns on their investment.
1
Explain
1
Can't afford the opposite
1
You can't stop nature
1
@yudhihamzah humans will be human. They generally mismanage funds. And other humans will take advantage till someone with better idea comes along.
1
What are you doing about it?
1
Then the group need to vet the loaner better
1
Nothing stopping you from safeguarding these borrowers. Not enough to just talk
1
@jirehjirehjireh do you blame a carnivore for seeking out prey. No one wants to starve
1
Who's going to pay for said education
1
No interest, no donations, no loans
1