A rise in high interest loans have left many Peruvians deep in debt. During the last decade, the amounts of loans given by banks have increased by five, and banks charge annual interest rates of 20. Observers say that banks are making extremely high profits compared to other businesses, and this is slowing down the economy. Some analysts fear that this could result in a situation like the United States 2008 crisis and that indebtedness and low consumption could halt the country’s economic growth.