Loan sharks prey on the poor
(WorldNews India)

Informal creditors charge exorbitant interest rates from the poor; activists call for loans at low rates for this strata of society Daily wagers, who have been especially hit by the pandemic and lockdown, have been forced to take loans from local creditors, who charge exorbitant rates. Activists have been demanding loans at a low rate for this strata of society to save them from being exploited by informal creditors, who are not regulated. Chinchpada slum in Airoli in Navi Mumbai is home to a community of vendors who used to...