Moneylending and Low Income Families

Daly, Mary; Walsh, Jim

dc.contributor.author	Daly, Mary
dc.contributor.author	Walsh, Jim
dc.date.accessioned	2019-01-28T15:34:51Z
dc.date.available	2019-01-28T15:34:51Z
dc.date.issued	1988
dc.identifier.isbn	1 871643 01 5
dc.identifier.uri	http://hdl.handle.net/10147/624053
dc.description	This is a study of credit and indebtedness among low income families, focusing on moneylending. By tracing the experiences of 99 people who are in debt to moneylenders and other sources of credit, the aim is to explore how low income families fall into debt to moneylenders, to see how they manage these and other debts and to identify the consequences of these forms of indebtedness for them. Moneylending is a subject about which there has been much speculation but little in the way of concrete fact: what was known about it up to now was based mainly on anecdotal evidence and media images. These have tended to sensationalise moneylending, portraying moneylenders as the exploiters of the vulnerable, as usurers who make large profits on the backs of the poor and the weak. How true is this? Up to now, no systematic evidence has been gathered to substantiate or refute these suggestions. Additionally, no attempt has been made to identify the reasons why people turn to moneylenders for credit. This study redresses that imbalance. For the first time, it presents detailed information on what it is like to be indebted to moneylenders and the reasons why people borrow from them. The money lending business is examined for its extent, its practices and how it fits into the credit options available to low income families.	en_US
dc.language.iso	en	en_US
dc.publisher	Combat Poverty Agency	en_US
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 United States	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/us/	*
dc.subject	POVERTY	en_US
dc.subject.other	MONEYLENDING	en_US
dc.subject.other	DEBT	en_US
dc.title	Moneylending and Low Income Families	en_US
dc.type	Report	en_US
refterms.dateFOA	2019-01-28T15:34:52Z