Loan interest rates in Georgia are impressively high, especially micro loans. I have talked to many people in Georgia that have taken micro loans and then have fallen behind on payments. Because many of these loans require the borrower to offer collateral like a house, car, or jewelry in order to get a loan, I can only assume that some of these people are losing their homes and cars because of these high interest loans. I wonder, what is the current default rate on loans in Georgia? I've read that 90% of Georgians own their own land and homes which means there is a lot of collateral for banks to gain. The finance industry also seems to be very profitable and growing rapidly in Georgia. At the current default rates, how long will high interest lending continue to be successful?