Hundreds leave Janakpur on a march to Kathmandu to appeal against loan sharks
Summary
Nearly 400 victims of predatory lending from across Nepal have begun a march from Janakpur to Kathmandu to appeal against ongoing harassment by loan sharks and unfulfilled government promises.
Key Points
- Nearly 400 predatory lending victims started a march from Janakpur to Kathmandu demanding government action against loan sharks.
- Chandeshwar Prasad Mandal and others shared stories of excessive interest, harassment, frozen assets, and fraudulent loan practices by moneylenders.
- Protesters demand cancellation of fraudulent documents, a strong anti-predatory lending law, a special tribunal, and asset investigations.
- Despite past agreements and commissions, government action has been insufficient, prompting ongoing protests.
