There are many payday loan lenders here - we call them micro-lending investors. Their target are the pensioners. Example, they will lend you 10,000 (in our currency) that you have to pay 1,000 monthly for 12 months. In effect, you pay 20% rate of interest. And the lender would get your ATM card so they can directly withdraw from your pension. Tsk, tsk, those poor pensioners are already old and still being scammed.