Just to give you another sample non PBLS expierence, I am from Jamaica and in 3rd world countries my family was putting money on deposit at making 50 percent return, literally your money would double in 2 years. Those who played it right made a fortune, one of my uncles put a million in and 2 years later 2 million came out and that paid for the family beach house. so 3rd world country economics are a different animal. You hae higher currency exchange rates, no formal credit bureau system, so in 3rd world countries you are lent on your name, no credit scores, just your business and your repuation on the island. If you introduced 12-13% money in Jamaica for instance you would have a line wrapped around the building, low interest rate auto loans are 16%. But enough of that that is a totally different animal with huge profit margins to be made. Say you borrow at 7% up here and then take it down and lend almost risk fee at 17-20% to the best borrowers in the country, you see how you can basically print money.
