UK Supermarket Starts Issuing Microloans to Pay for Groceries



British supermarket Iceland has introduced a — for the time being — interest free microcredit system for those having difficulties making ends meet, but critics warn of the potential downsides of the plan.

The plan entails handing out a prepaid top-up card to cover the most dire grocery necessities with a small spending cap and a limited number of annual disbursements.