loan shark trouble in Nepal

Loan shark victims unable to return home

Loan shark victims find themselves stranded at Bhrikuti Mandap, unable to return home due to financial constraints. Despite a government agreement reached at Singha Durbar, where a new commission of inquiry was promised to address illegal mortgage loans, approximately 200 individuals remain marooned. According to Nirga Nabin, spokesperson for the Kisan Majdur Sangharsha Samiti, over […]

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Victims of exorbitant interest rates protest against loan sharks in Baluwatar

Kathmandu, September 1 Farmers and labour workers who are struggling against “meter byaj”, term used to denote the exorbitant interest rates charged by loan sharks, staged a marching protest from Maitighar to Baluwatar (Prime Minister’s official residence) on Thursday, demanding justice. The victims, from various districts, have been protesting at Maitighar, Kathmandu since a month

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