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by wwtdtgotiatl
1047 days ago
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Utterly bewildering statement by the VP Guis in here: > she found it odd that an American would be offered 0% interest while borrowers in poorer parts of the world were being charged up to 70%, according to the estimates posted on Kiva’s website. “I don’t see why poor people in Guatemala should basically be subsidizing relatively rich people here in Minnesota,” she told me. Guis disagreed, telling me, “I take issue with the idea that systematically marginalized communities in the US are less deserving.” She said that in 2022, nearly 80% of the businesses that received US loans were “owned by Black, Indigenous, and people of color.” Do Black Americans really put themselves on par with Guatemalan subsistence farmers? Seems like such an egregious thing to say. Not trying to handwave away real issues but these two groups couldn't be further apart. |
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