NewsWhore
08-06-2008, 02:00 PM
Banco Leon has united with Tarjeta Naranja S.A., an Argentine company and launched the Naranja (orange) credit card. The company will issue the card to anyone who can prove having income and a verifiable home address. The company does not limit the card to those with good credit standing, as do other traditional cards. Gabriel Rouadi, general manager of the company, said the credit card seeks to reach out to the 70% of the local population that does not have a credit card. The company will only charge interest on outstanding balance. In the DR, other credit cards charge interest on the total monthly total, regardless whether part of the total was paid during the period.
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More... (http://www.dr1.com/index.html#7)