Re: Problem today in Finland -- Is Mobile Banking Really Reducing Poverty?

On Tue, 4 Nov 2008 00:28:32 +0200, Lauri.K.Hirvonen wrote
> I just want to share with you the latest phoneme here in Finland.

> If you calculate the annual rate of this loan, it is 298 %
This is called usury :-(

> The problem is, that it is easy to get a loan. But for many 
> the payback can be a challenge. Specially many young people are
> now in trap.t this
Very true.  But this is a perfect illustration of how mobile phones
can be (mis)used to trap the unwary....
Third (and First) World mobile users, beware...

Received on Tuesday, 4 November 2008 01:04:02 UTC