Fixing Latin America's Broken Lending Industry – Nathan Lustig
Feb 13, 2019 · Fixing Latin America's Broken Lending Industry. Credit in Latin America is notoriously hard to access. Just a few years ago, credit card rates in Brazil hit 450%, which has gone down to a still astounding 250% per year. In Chile, I've seen credit cards that charge 60100% yearly interest. And that's if you can even get a card in the first ...