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,[1] 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).
