INSUBCONTINENT EXCLUSIVE:
DHANGADI, FEBRUARY 14A battle committee has notified that as lots of as 44 victims of microfinance business devoted suicide in Kailali and
Kanchanpur in the previous two years.
The total suicide cases in all 9 districts of Sudurpaschim Province is 78.
The committee has
declared that microfinance companies practice of including interest to the primary quantity has displaced numerous families from
villages.More than 40 families have headed out of contact due to the microfinance business in Dadeldhura alone.After frequent follow-ups by
staff members of microfinance business, victims have formed a struggle committee and taken to the street against them.Microfinance companies
lend credit to small groups without security and tend to recover their loan by offering land and other properties if group members stop
working to pay back the loan.Microfinance victims held a candle light protest rally with lit candles at Attariya of Kailali against
microfinance companies today
More than 0.7 million males and females from Kailali, Kanchanpur, and other districts have actually formed groups and taken credit from
micro financing companies.As per the struggle committee, 44 people eliminated themselves in Kailali and Kanchanpur
Of them, twelve are male while others are female
Similarly, three persons killed themselves in Dadelhura, seven in Bajhang, 5 in Achham, 8 in Bajura, and 11 in Darchula committed
suicide.The committee has launched the across the country protest from today.Victims say that microfinances include interest and EMI to the
principal and they likewise charge fine on the interest and EMI amount contributed to the primary amount.Nepal Rastra Bank is not oblivious
of the significant interest and wrong practices of microfinances.But, NRB is disregarding to the issue, state victims.A version of this
article appears in the print on February 15, 2023, of The Himalayan Times.
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The committee has declared that microfinance business practice of adding interest to the
principal quantity has displaced numerous households from villages.More than 40 families have gone out of contact due to the microfinance
business in Dadeldhura alone.After regular follow-ups by employees of microfinance companies, victims have formed a battle committee and
taken to the street against them.Microfinance companies lend credit to small groups without collateral and tend to recuperate their loan by
offering land and other properties if group members fail to repay the loan.Microfinance victims held a candle light demonstration rally with
lit candle lights at Attariya of Kailali against microfinance business today
More than 0.7 million males and females from Kailali, Kanchanpur, and other districts have formed groups and taken credit from micro
financing companies.As per the battle committee, 44 individuals eliminated themselves in Kailali and Kanchanpur
Of them, twelve are male while others are female
Likewise, 3 persons eliminated themselves in Dadelhura, 7 in Bajhang, five in Achham, 8 in Bajura, and 11 in Darchula dedicated suicide.The
committee has actually released the across the country demonstration from today.Victims say that microfinances include interest and EMI to
the principal and they also charge fine on the interest and EMI amount contributed to the primary amount.Nepal Rastra Bank is not oblivious
of the hefty interest and incorrect practices of microfinances.But, NRB is disregarding to the problem, say victims.A version of this post
appears in the print on February 15, 2023, of The Himalayan Times
The total suicide cases in all nine districts of Sudurpaschim Province is
This short article first appeared/also appeared in https://thehimalayantimes.com
