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| parentItem | Financial-Times_Mongolia-Living-from-loan-to-loan.SRC.fae00c44-82db-4f41-ac8d-f2f550cd7df9.pdf |
|---|---|
| key | DBHNP4KE |
| dateModified | 2022-06-28T09:41:16Z |
| dateAdded | 2022-06-28T09:40:17Z |
| annotationPageLabel | 3 |
| itemType | annotation |
| version | 3310 |
| annotationAuthorName | Ananda Thrift |
| annotationText | n the spring, herders sell wool; in the autumn, meat. Sales go to pay off old loans and take new ones at rates that often exceed 20 per cent a year. The catch is the larger the herd, the easier it is to get bank loans but the larger herds also destroy the pastureland faster than new grasses can grow. |
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