Posts Tagged ‘prestamistas’

The Shadow Banks of the Barrio | CityLab

The Shadow Banks of the Barrio | CityLab

For many Latino immigrants in New York City, an informal network of unregulated loan operators serve as the lenders of last resort. But borrowers soon find themselves buried in seemingly endless debt and haunted by intimidation tactics. BY Mónica Cordero, Constanza Gallardo, and Alma Sacasa Maria Ramos holds a large, faded ledger propped open on […]

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