In the economically hard-hit country of Latvia, banks are extremely wary of lending so entrepreneur Viktor Mirosiichenko came up with a sure-fire way to get borrowers to pay up.
Borrowers have to put their souls up for collateral!
The Kontora loan company offers loans up to $500 with high interest rates, but unlike traditional banks they don’t use debt collectors. Mirosiichenko warns deadbeats, “If they don’t give it back, what can you do? They won’t have a soul, that’s all.” After all, who’s worried about the repo man when you got the reaper man at your door.