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My dad used to work for an NGO that ran schools in northern Karnataka. He told me unscrupulous microfinance lenders used to badger rural women into taking loans
by microarchitect 16y ago
My dad used to work for an NGO that ran schools in northern Karnataka. He told me unscrupulous microfinance lenders used to badger rural women into taking loans at ridiculous interest rates and then harass them when they couldn't pay up.
The only real solution to this problem is empowering and educating women to be financially responsible and making sure that they have the social courage to refuse these loans. Unfortunately, this will take a few decades to happen and more than a few lives will be lost unnecessarily until them.