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Cambodia Microfinance offering 8.50% interest?

What's the catch?

You don't get your money back...ever smi(&%

Website makes no sense. I mean a loan of up to $10,000 at a 1.5% loan rate on USD. Is this a free money bank? How are they calculating these interest rates? conf/(%
 
I really don't understand their business model as a microfinance bank making almost free loans.
 
Yes, indeed very weird - paying rates of 8.50% while loaning at 1.50%.

It's possible that 1.50% is just a fake number to attract people ("*starting from* 1.50%") while in fact most people pay a lot higher rates as the bank will deem them more "risky"
 
It's possible that 1.50% is just a fake number to attract people ("*starting from* 1.50%") while in fact most people pay a lot higher rates as the bank will deem them more "risky"

The average microfinance loan in these developed countries maybe 35% or something. So they are really low balling the figure to get people in through the door if thats the case. Maybe they calculate the loan rate on a weekly basis i.e 1.5% a week which would make more sense.
 

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