|
|
Many people believe that getting rid of debt is so consuming that people feel devoid of purpose after finishing it off. When in fact, most of the poor population of our world, after settling debts, start to build on their newfound opportunities of being able to invest. Life after debt for the poor is full of opportunities.
How do people cope with debt
There is no denying the fact that debt can very easily destroy a persons livelihood. Banks and conventional microfinance companies tend to increase their interest rates to a point where people have to pay double of what they owe. This has led many to poverty, and a point which they cannot escape.
But there are numerous examples of people overcoming this predicament and becoming more confident…
Read the full article at: https://www.cryptopolitan.com/is-there-life-after-debt-for-the-poor/