Pledge your gold and jewels

ATM screen image


With apologies for the crappy picture (hastily taken while I was getting cash from the local ATM). Loans with gold jewelry or ornaments as security are widely advertised here. When C and I went to the movies a few weeks ago, many of the pre-movie ads were to do with gold loans, and investment schemes. One gold loan company asked interested parties to “give us a missed call on number xxxx”, which I thought was an ingenious way of backwards engineering a freecall number.

Rs 2000 is about AUD $40. The ‘agriculture jewel loans’ advertised at the bottom of the screen are short term loans to facilitate purchase of things like fertiliser, secured by the “pledging of jewels“.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: