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Posts tagged as “probem”

Lenders settling for less hints at wider problem of loan sharking

by Prithvi Man Shrestha in The Kathmandu Post,Dec 16, 2023The alleged loan sharks who had initially asked for as much as Rs7.62 billion, have settled for only R1.72 billion during negotiations facilitated by an inquiry commission formed to address loan sharking problems. The significant reduction in settlement amounts suggests the lenders had inflated their claims and may have lent much less than the amounts indicated in the tamasuks, personal mortgaging contracts with borrowers. “Would they…