Tilemsi, Gao - Decentralized Financial System

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)

    To care for the quarrels of the past, to identify oneself passionately with a cause that became, politically speaking, a losing cause with the birth of the modern world, is to experience a kind of straining against reality, a rebellious nonconformity that, again, is rare in America, where children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.
    Mary McCarthy (1912–1989)