Predatory lending victims set three conditions for agreement
Summary
Victims of predatory lending have set three non-negotiable conditions for an agreement with the government, demanding annulment of fraudulent loan documents, official recognition of predatory lending as illegal, and stronger legislation within three months.
Key Points
- The Central Committee of the Farmers and Workers' Movement Against Loan Sharking has outlined three final demands ahead of negotiations with the government.
- The demands include annulling all fraudulent loan documents and government recognition of predatory lending as illegal.
- The committee also demands a written commitment for a joint task force and stronger laws against predatory lending within three months.
- Home Minister Sudan Gurung has been in Bara attempting to negotiate with the protestors.
- The victims marched from Janakpur to Kathmandu after presenting a six-point charter of demands, prompting government action to implement recommendations from previous commissions.
