My village people take loans as 'aidhu roopaayi vaddi' ('5 rupee interest', or 5/- per 100/- per month, or 60% annual interest) or double at 120% interest. As they service the loans, they sell away their meagre assets.
One essential intervention is to create a fund from where village women can borrow for health needs at low interest. If its a group fund, group pressure will usually keep the repayments in order.
Back in the day, all laws of the land were taken to every corner of the kingdoms by drummers. That's the tradition. As recent as 2 years ago, I saw one person do that in a town in Tamilnadu.
Like • Reply • 20 April 2016 at 16:34