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Spenda Agri, page-375

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    I think they should avoid the trap of seeking a larger DW. If they do so, they will be another business lender. Look at PGL and cry: $1bio book, fat excess income, and not even worth $60mio... This is not the way. Scale-up by bringing in third party specialised lenders, charge for payments and Saas. Be good at what you do and know well. Lending is a no go in this environment and likely for some more more time.
 
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