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Micro-credit programmes provide low interest loans for the economically marginalised who cannot gain access to credit from conventional banks.
BBC: Low interest loans for Latin Americans
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It is much closer to a performance fee than an equity stake (managers can only gain from the carried interest, which cannot be negative).
ECONOMIST: Private equity: Carried away | The
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Meister alleges that when Sapir entered the loan agreement with Blackstone-controlled GSO Re Onshore LLC on October of 2006, not only was he mislead by his own attorney, who stood to gain financially by having Sapir sign the 20% interest loan, but that Sapir had been suffering from aphasia.
FORBES: In Courtroom Twist, Real Estate Mogul Pleads Mental Illness
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The inflated partnership interest is then sold at a loss and the phony loss is used to offset a real gain from the sale of appreciated stock or other assets.
FORBES: Hide the Baby