"Mired by Multiple Loan Sharks" by Amra Ismail

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9 mai 2018

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DM, « "Mired by Multiple Loan Sharks" by Amra Ismail », Sri Lanka & diasporas, ID : 10670/1.wk2j39


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After a nearly three-decade civil war those devastated by it had to rebuild their lives and finding employment was a challenge. The strategy adopted by the Government was to expand credit and promote self-employment. But then things took a turn for the worse when their livelihoods did not flourish. People could not repay the mounting debts. The once war-torn areas of the country are now mired by multiple loans which include ‘predatory’ microfinance loans and loans provided by informal lenders...

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