‘Drop by drop’ reaches annual interest rates between 55% and 60% per year, according to Datacrédito
Access to informal credit through ‘drop by drop’ is a latent reality. These credits are granted by people or entities that are camouflaged using a modality similar to that of formal credit for the loan of money, such as payment terms, maximum application amounts, apparent requirements for the procedure, etc. According to CreditDate Experian, 15 … Read more