Whether people will continue to loan them money.

What are you carrying?

Well we learned what happens.

I'm pulling out of his scheme.

And the corollary of more people willing to lend, is you that the actual standards go down.

And today, less than five years in,

And so with patient capital from Acumen and other organizations,

Let's just show an example of how the actual mortgage works.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

97 percent of all the scheduled repayments came back to us on time.

So once again, it's just a loan to someone else.

And that's the best they could do.

And so that cash ended up here.

The bank accommodated the company with a loan.

Papa went to the bank to ask for another loan.

We're now moving into East Africa.

So that's a very handsome return.

So the risk managers within the bank think they have a great deal.

It could be patents, it could be licenses.

Now, if you don't trust someone, you place restrictions on them, right?

You might say, well that's a strange way of financing yourself.

And it's really time we start thinking more creatively about how they can be fused.

One, two, three enterprises are put together to repay loans.

But the banks are still pretty confident then, and they're like, no.

Let's see what happens when n is equal to 2.

So what is our payment amount?

So this is the treasury yield curve.

And she wants the infrastructure it is nice with a paved road.

Right?

It is generally true that if the money supply and the money supply is more than just the amount of dollars that are printed.

I'd like to apply for a smallbusiness loan.

And then if we go to, let's say, 2003.

So this is lending some cash.

The money which people can take has lower interest rate, people can repay it without fear.

Joint guaranty for loans is more than an enterprise, right?

So this house is a 1 million house, right?

We're moving to what I would think of as a fully connected system, and we have global decisions to make in this system, decisions about climate, about finance systems, about resources.

And we could just say, that they have zero equity. and they have a million loan.

We took it, repaid the first loan, then took the second, repaid and we go on repaying and increasing the amount.

You see we started working in Eastern and Central Europe, and moved to Russia.

But in general, hopefully, I've shown to you that we can write the loan amount as the present value of all of the payments.

And to do that, let's get a little bit more abstract.

Debt's a little different.

Well, I'm sorry, Mrs. Thornton, but it is against bank policy to extend a loan for an exorcism.

The standards for getting a loan went lower and lower.