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The Tuesday Podcast: The Billionaire And The Tire Repairman

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The Tuesday Podcast: The Billionaire And The Tire Repairman

Podcast

The Tuesday Podcast: The Billionaire And The Tire Repairman

Michael Lee-Chin came by helicopter for his Planet Money interview. Alex Blumberg hide caption

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Alex Blumberg

The Tuesday Podcast: The Billionaire And The Tire Repairman

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  • <iframe src="https://www.npr.org/player/embed/128195395/128200280" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Wayne Disowney runs a tire repair shop in Kingston, Jamaica. He took scrap parts from an old Lincoln and turned them into a machine that retreads tires. It works great.

His shop is a shack. He's totally outside the formal economy. If he wanted to get a loan — say, to expand his business — he'd be out of luck.

Michael Lee-Chin's a billionaire. He's the chairman of a big Jamaican bank, a guy who flies in on a helicopter for an interview.

On today's Planet Money, we talk to both guys. And we explain why it's so rare for guys like Disowney to get loans from guys like Lee-Chin.

Listen to our other stories from Jamaica. Download the podcast, or Subscribe. Music: Gyptian’s “Is There A Place.” Find us: Twitter/ Facebook/ Flickr.