And today, less than five years in,

Whether people will continue to loan them money.

Well we learned what happens.

So the risk managers within the bank think they have a great deal.

What are you carrying?

And the corollary of more people willing to lend, is you that the actual standards go down.

97 percent of all the scheduled repayments came back to us on time.

And so that cash ended up here.

I'm pulling out of his scheme.

So once again, it's just a loan to someone else.

So this house is a 1 million house, right?

And so with patient capital from Acumen and other organizations,

Let's just show an example of how the actual mortgage works.

At the time, there was a microlending group in the village that gave her a 65 dollar loan.

They just couldn't get up to 15,000 in savings.

And we'll go into this massive recession.

And that's the best they could do.

The bank accommodated the company with a loan.

Papa went to the bank to ask for another loan.

We're now moving into East Africa.

So that's a very handsome return.

I don't know what other of my assets are going to fail.

People start shorting the stock, the stock go starts going down.

So just this is liability, 750,000.

It could be patents, it could be licenses.

Now, if you don't trust someone, you place restrictions on them, right?

You can kind of say they keep on renewing those loans.

And that was in place for a reason because you had to prove yourself worthy to get the financing.

No one's willing to give you a loan, just because they're all a little bit scared.

Cash is an asset because it can be exchanged for things we need in the future.

Well, what's going to happen?

And it's really time we start thinking more creatively about how they can be fused.

And if they default on it, I actually get an asset that's probably worth more than the loan amount, and I can auction that off and easily get my 500,000 back.

Every two months, the typical loan officer approves 35 to 40 loans.

One, two, three enterprises are put together to repay loans.

But the banks are still pretty confident then, and they're like, no.

Let's see what happens when n is equal to 2.

So what is our payment amount?

So this is the treasury yield curve.

And she wants the infrastructure it is nice with a paved road.

Right?

What CDOs are, you take these mortgage backed securities, you know, they're loans to some people in some region of the country, or maybe they're diversified across regions, then you slice and dice them.

It is generally true that if the money supply and the money supply is more than just the amount of dollars that are printed.

I'd like to apply for a smallbusiness loan.

And then if we go to, let's say, 2003.