People of the North protest against Micro Finance Companies

People of the North protest against Micro Finance Companies

People of the North protest against Micro Finance Companies

Written by Staff Writer

15 Jun, 2018 | 12:20 am

COLOMBO (News 1st) – Protests were staged in several parts of the country today (June 14), against companies that grant microloans.

Protesters in Vavuniya claim that the loans which are given at high-interest rates targetting rural women have led to several suicides and family units falling apart. The protesters handed over petitions to the Northern Province Governor and District Secretary.

A demonstration was also held in Kilinochchi on Thursday (June 14th) against microfinance companies. The protesters handed over a petition to the district secretary to be given to the President Sirisena Prime Minister Wickremesinghe and the Central Bank.

A similar protest also took place in Mullaitivu today.

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