KUALA LUMPUR: There are no plans to increase the interest rate for credit community loan facilities or for loans from licensed money lenders, the Dewan Rakyat was told.
prosecution of money lenders is extremely difficult, and there s little sign that the executive s attempts to tackle the problem is changing things. front line community groups we ve spoken to in recent months say they feel like they re operating in a vacuum, and that means they have to step in to help victims in spiralling debt and fear of violence by mediating on their behalf with the paramilitaries. east belfast mission is dealing directly with victims of paramilitary loan sharks. we had a person who, their freezer broke down, and they didn t have the money to replace their fridge freezer. and so they asked local paramilitaries, would they lend them money. to fix their freezer? to get a new one. so they borrowed £200. the £200, if it wasn t paid back within two weeks was going up with the interest rate as they would use it to £300. and that s the point they came to us.
paperwork that. these boys had the cash in their hand. cash in their hand. so how did the loan sharks cash in their hand. so how did the loan sharks know cash in their hand. so how did the loan sharks know that cash in their hand. so how did the loan sharks know that allen - cash in their hand. so how did the loan sharks know that allen was l cash in their hand. so how did the l loan sharks know that allen was so vulnerable? he s told us he recognised one of the men who came to his door. he was from his local food bank. he d seen him sitting in a car watching outside as he and others queued to get help. an indication that loan sharks are deliberately targeting food bank users. it was at the food bank. he was users. it was at the food bank. he: was sitting outside the food bank. but i didn t pay any attention to it. ., ., , , , it. the head of the trussell trust in northern it. the head of the trussell trust in northern ireland it. the head of the trussell trust in northern i
meant, but you were just left with that thought or else meant they were coming to your house, and they would take something from the house or harm you. you live in the same communtiy as them so, they know, you know, when you go to work, what time you re back at, you can t hide from that. it s like something you see in a movie, absolute gangsterism. through her research, academic siobhan harding found women across northern ireland are being exploited by paramilitaries as both victims and messengers for money lenders. yeah, i mean, it s not solely men. there are women involved in it too, and i suppose i it s all about making connections
now on bbc news, loan sharks and paramilitaries. in northern ireland s most impoverished housing estates, loan sharks, or unlicenced money lenders, are viewed by some as providing a service instant cash without the paperwork. ah, don t you worry, all right. i will sort you out. i will get it to you next week promise. as the cost of living crisis deepens, community workers warn more families are now turning