New Ray Of Hope For Usury Victims

Illegal moneylending has been a severe problem facing many vulnerable people even today in Nepal. The informal lending practice has been widespread in Tarai districts, forcing vulnerable individuals and communities into an exploitative and vicious cycle of poverty. Under this traditional lending system, private lenders charge exorbitant interest rates on loans and use fraudulent documents as transaction deeds. Such loan sharks are found using usury as a means to exploit vulnerable individuals.