Live Breaking News & Updates on Financial Consumer Protection Unit

Stay updated with breaking news from Financial consumer protection unit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Sinking in massive debt - The Post

MASERU – THE Covid-19 pandemic, reckless borrowing and conspicuous consumption have left thousands of workers drowning in debt, says the Central Bank of Lesotho (CBL). The CBL called an indaba last week to discuss Lesotho’s household indebtedness, which it said had reached alarming levels. The bank said some families are continually trapped in debt and […] ....

Lehlomela Mohapi , Maluke Letete , Holomo Molibeli , Lefeela Nalane , Tjale Maila , Nthole Mojapela , Lesana Financial Services Pty Ltd , High Court , Central Deduction Authority System , Netloans Pty Ltd , Alimela Thuto Financial Ltd , Financial Consumer Protection Division , Central Bank , Letshego Holdings Pty Ltd , Platinum Credit Lesotho Pty Ltd , Non Performing Loans , Micro Finance Institutions , Identification Cards , Letshego Holdings , Lesana Financial Services , Platinum Credit Lesotho , Alimela Thuto Financial , Consumer Protection Unit , Financial Consumer Protection Unit , Myloan Limited ,

World Bank: Investigate Cambodia's Micro-Loans

World Bank: Investigate Cambodia’s Micro-Loans
Coerced Land Sales Linked to Predatory Lending
5 January
by
Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened during the economic crisis resulting from the Covid-19 pandemic.
An external report in March 2020, the Microfinance Index of Market Outreach and Saturation (MIMOSA), based on data provided by the World Bank
World Bank
“
International donors to Cambodia’s micro-loan sector should not be feeding a system that is abusing the rights of highly indebted borrowers struggling during a public health and economic crisis,” said Phil Robertson, deputy Asia director at Human Rights Watch. “ ....

United States , Phil Robertson , National Bank , Cambodian Microfinance Association , Hattha Kaksekar Limited , Human Rights Watch , Group International Finance Corporation , World Bankworld Bank , International Finance Corporation , International Development Finance Corporation , Amret Plc , Microfinance Index , Market Outreach , World Bankworld , Human Rights , Rights Watch , Financial Consumer Protection Unit , Comite Pourl Annulation Des Dettes Ill Eacute Gitimes , Dette Tiers Monde , Dette Du Tiers Monde , La Dette Du Tiers Monde , Dette Publique , Dette Externe , Dette Ill Eacute Gitime , Dette Odieuse , Club De Paris ,

World Bank: Investigate Cambodia's Micro-Loans

World Bank: Investigate Cambodia’s Micro-Loans
Coerced Land Sales Linked to Predatory Lending
Communities reiterate their calls for adequate housing rights and an end to land conflicts on World Habitat Day in Phnom Penh, Cambodia, October 5, 2015.
© 2015 LICADHO
(Bangkok) – The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened during the economic crisis resulting from the Covid-19 pandemic.
An external report in March 2020, the Microfinance Index of Market Outreach and Saturation (MIMOSA), based on data provided by the World Bank Group’s International Finance Corporation (IFC), found serious problems in Cambodia’s micro-loan sector. Civil society groups and investor-commissioned reports have corroborated these findings, which highli ....

Krung Thep Mahanakhon , United States , Phil Robertson , World Bank Group , National Bank , Cambodian Microfinance Association , Hattha Kaksekar Limited , Human Rights Watch , World Bank , World Bank Group International Finance Corporation , International Finance Corporation , International Development Finance Corporation , Amret Plc , Microfinance Index , Market Outreach , Human Rights , Rights Watch , Financial Consumer Protection Unit , United Nations Guiding Principles , ஒன்றுபட்டது மாநிலங்களில் , பில் ராபர்ட்சன் , உலகம் வங்கி குழு , தேசிய வங்கி , கம்போடியன் நுண்நிதி சங்கம் , மனிதன் உரிமைகள் வாட்ச் , உலகம் வங்கி ,