06 abr Microfinance lenders in Sierra Leone accused of ‘payday loan’ interest rates

Microfinance lenders in Sierra Leone accused of 'payday loan' interest rates

Borrowers have actually accused NGOs of recharging unfairly high interest, demanding quick payback, and reporting debts to your authorities

The great majority of individuals taking out fully microfinance loans in Sierra Leone are ladies. Photograph: Kate Holt for The Guardian

Last modified on Thu 15 Oct 2020 14.19 BST

The world’s biggest NGO happens to be forced to conduct an inside report on a money-lending scheme it operates when it comes to bad in Sierra Leone after some borrowers amassed significant debts and had been reported to police if they couldn’t repay loans.

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