Wednesday, September 29, 2010

Update

So it has been awhile since my last post and although I'm in touch with people individually I thought it best to recap and preview this weekend.  This weekend we are planning a trek up through Chaman's village and then on to some higher peaks, I am anticipating some terrific pictures.

Recently in Palampur I have been recovering from a sinus infection aka getting caught up on unseen Mad Men episodes.  I've now returned to the field toting the financial survey I created.  The survey takes down a  household's savings/income/insurance/debts in an attempt to ascertain who may want a loan but not sure how to get one.  What I've found is that bank loans are available, but at an absurd rate of 12.5% interest.  However, savings accounts accrue anywhere from 4% upon maturity and checking accounts somewhere near 8%.  I might end up recommending them buying short-term Pakistani bonds which kick 13% interests.  I doubt that will go over well, so it'll have to come in the form of a joke.  So far I've only taken down info from 2 families and will be returning daily to add to those profiles.

So some time for some random things/factoids about India:
1. India has the most billionaires in the world and the largest population living in poverty.
2. Toilet paper cannot be flushed down the toilet...garbage can.
3. Indian shower is a drain on your bathroom floor.  The shower head usually sends water into a bucket and you use a cup to scoop water and rinse.
4. Taxis charge a flat rate.  More passengers doesn't mean a higher fare.
5. People drive on the left.
6. Mopeds are more common than cars in most areas.
7. Cows have the right away.

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