On the applicability of the ‘in duplum’ rule to micro-finance institutions
May 8, 2023by Adrian Nyiha
Across several jurisdictions and eras of history, dating back even to several thousands of years ago, the in duplum rule aims to prevent interest rates from skyrocketing indefinitely. Whether the in duplum rule should apply to lenders other than banks is a complex question. It is instructive to compare banks to other lenders, such as micro-finance institutions (MFIs).