analyse this case based on the ethical perspective and virtue theory.
Three people apply for their bank for a loan. Derek is a self-employed mechanic needs to borrow $ 7,500 to buy a machine for his workshop. The bank considers this application. After some discussion, the bank agree to provide the loans with 7. % interest. James is an actor wants a loan of $ 250.000 to buy a new yacht. The bank agrees to loan him with the 4 % interest. Sarah is a single mother working part time at whatever short term job she can find has been threatened with eviction from her small house. She needs a loan of $ 1,000 to pay for a deposit on a new house. The bank refuses to provide the loan. Sarah applies another loan at the local bank who agree to lend her money with 30 % interest.
analyse this case based on the ethical perspective and virtue theory.
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