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Financial entities announce plan to combat "loan sharking" in Costa Rica

QCOSTARICA Eight financial entities in Costa Rica announced Tuesday a plan to combat loansharking or extortionate (in Spanish "gota a gota") lending. The plan also includes an education campaign to alert and raise awareness about the risks associated with high-interest informal lending, where interest rates are much higher than those of the formal system… ....

Costa Rica , Soluciones Microcr , Finanzas Sanas , Mario Zamora , Bienestar Unoa Uno , Public Security , Banco Popular , Banco Nacional , Banco De Costa Rica , Coope Ande , Small Loan , One Wellbeing ,