I’d love to see an analysis that compares the effects of Coppel Family’s predatory loan practices among the poor in Mexico with the effects of their philanthropic activities in Malawi. They now target working class social media users with loans up to $1,000 via WhatsApp with annual interest rates of 41%. In California, lenders are restricted to 12% interest rates in recognition of the damaging effects of predatory lending. My hunch is that the negative effects of the Coppel’s business in Mexico outweigh the positive effects of their philanthropy in Malawi. But I don’t know who would pay for that study. 🤷‍♂️ https://www.eleconomista.com.mx/sectorfinanciero/Esta-es-la-tasa-de-interes-que-pagaras-si-pides-un-credito-Coppel-por-WhatsApp-20200110-0057.html