concept   loan
culture   East Asia
statement   In East Asia, loans are widely used through both formal and informal systems, with an emphasis on punctual repayment.

2 similar statements
# Concept Culture Statement Freq.
1 loan East Asia Highly common, with formal and informal systems in place, such as community-based lending circles 1
2 loan payment East Asia In Japan, loan payments are usually made through bank transfers and are often associated with great importance placed on punctuality and fulfilling financial obligations. 1