Decentralized Financial System
The City has never owned a decentralized financial system. All loans towards populations are taken from a bank Gao (BNDA) located 70 km from the capital. These loans are with exorbitant interest creating more problems than solutions.
Read more about this topic: Tilemsi, Gao
Famous quotes containing the words financial and/or system:
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)
“Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.”
—Edward C. Banfield (b. 1916)