Because of these difficulties, when poor people borrow they often rely on relatives or a local moneylender, whose interest rates can be very high.
There is quite a bit more involved in protecting the Empire than sitting about dreaming up new ways of tossing energy around, or creating economic chaos with the local moneylenders.
He also works for the local moneylender, writing threatening collection letters as a means of earning enough to finally realize his dream of returning to the United States.
To begin, the local moneylender is intimately familiar with his clientele, and this gives him a huge information advantage over a bank officer in selecting reliable loan recipients.
Kanhaiyalal loans some amount from local moneylender against this piece of land for Sanjeev Kumar's law studies.
On the day of festival Velichapadu found that his wife was selling her body to a local moneylender for a living.
She went to a local moneylender, and was soon caught in a cycle of rocketing interest payments.
Mr. González borrowed the money from a local moneylender and says he is still paying back his loan, which has tripled with interest.
He said he tried to persuade commercial banks to give loans to poor people who had no assets and had always been dependent on local moneylenders.
While these rates seem high, they are low compared to those charged by local moneylenders in most countries.