I'd like to get a bank loan how do I go about that?

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

Whether people will continue to loan them money.

It could be patents, it could be licenses.

Well we learned what happens.

What are you carrying?

I'm pulling out of his scheme.

So that's a very handsome return.

And so with patient capital from Acumen and other organizations,

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

And today, less than five years in,

And so that cash ended up here.

Let's start clean up.

We're now moving into East Africa.

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

It's a kind of very nice, sophisticated way how to economically strangle a daily newspaper.

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

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

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

I already released the body.

I'll push it through.

Just quickly on the results.

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

The bank accommodated the company with a loan.

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

And that's the best they could do.

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?

Papa went to the bank to ask for another loan.

Because arraignment means ball.

It's my code, E for equity. 80,000 loan.

But in general, hopefully, I've shown to you that we can write the loan amount as the present value of all of the payments.

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

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

From the amount of alcohol in your body you must have got it in liquor.

I do hate housekeeping.

Structural stuff.

I could give them a loan

Mortgage backed security.

Well financing got easier. Or essentially they lowered their standards.

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

And to do that, let's get a little bit more abstract.

I think you need to be in the hospital.

But we hold them in San Francisco (Applause)