Pawnshops, moneylenders ‘poor man’s banks’
Loan sharks and other forms of illegal moneylending are a feature of life for those in the informal sector as their incomes are unpredictable. The recent MCO has hit many families badly as the daily-wage worker has no income protection. – The Malaysian Insight pic by Nazir Sufari, May 6, 2020.
THE rush at pawnshops in the past two days after the easing of the movement-control order only shows how badly the poor have been hit by the Covid-19 pandemic, said experts.Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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