Is doing a good deed equal to having a good lunch?


  • Aaron Lai

    1. Vice President and Senior Quantitative Research Associate of the Bank of America in San Francisco and a Research Assistant of the Centre for Time-Use Studies of the University of Oxford.
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  • This article is partly based on his Master's thesis from the Department of Sociology of the University of Oxford. All opinions expressed are his own personal views. He can be reached at


Since the meltdown banks have cut back on consumer lending – but do we need big banks for small loans? Aaron Lai looks at new sources of finance – and at the interest rates that friends can charge.