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Household commodities such as food and clothing were the most borrowed items at the time; the principle amount plus a premium would automatically be deducted from the workers
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Different loan programs offer different methods for calculating the interest rates and what type of balance to calculate the interest on.
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The only document that the lender holds on to is the borrower
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Program may not be available in some states.
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Rural Development works with low-income individuals, State, local and Indian tribal governments, as well as private and nonprofit organizations and user-owned cooperatives.
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