Article

2008-09-20 Arabia

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Posted by Classer 2008-09-20 06:16|| || Front Page|| [11 views ] Top

#1 30% fees? That is aboiut what the check cashing stores charge isn't it?

Posted by Formerly Dan 2008-09-20 11:07|| 2008-09-20 11:07|| Front Page Top

#2 Where else but from a woman could a woman get a loan? It's not like the ladies can go to a bank for the money. Good for them.

Posted by trailing wife ">trailing wife 2008-09-20 14:57|| 2008-09-20 14:57|| Front Page Top

#3 The first thing that came to mind when I read this was the Grameen Bank. (They also charge high interest rates, not this high, but in the range of 20%) If the Saudi ladies in question could use this to get little enterprises running, that might be a very good thing indeed.

Posted by Cornsilk Blondie 2008-09-20 18:33|| 2008-09-20 18:33|| Front Page Top

#4 Isn't charging interest against Islamic law?

Posted by FOTSGreg">FOTSGreg 2008-09-20 22:54|| 2008-09-20 22:54|| Front Page Top

#5 It's not interest, Fots - it's a fee.

(Strikes me it's a distinction without a difference, but whatever floats their boat....)

Posted by Barbara Skolaut">Barbara Skolaut 2008-09-20 23:03|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-09-20 23:03|| Front Page Top

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