The other day, I was chatting with my childhood friend, Linda, who owns a carinderia (small restaurant) in our barangay (village). I noticed when a bumbay (Indian guy) arrived, she immediately dipped into her cash box and gave him P100. I asked her, “Why?” She said she owes the guy P5,000 and the term is that she pays him P100 daily for two months. “5-6” in two months! And after two months, she again borrows P5,000.00, pay P100 per day for two months; then, borrow again, pay, etc.
Moje Ramos-Aquino, Fpm