EP47 Hot Issue - Loan sharks taking advantage of the pandemic

The Covid-19 epidemic affected some business owners so severely that they turned to loan sharks in desperation for assistance. Business owners turned to loan sharks after running out of capital due to the continual lockdowns implemented by the government to curb the spread of Covid-19. However, those who borrowed from loan sharks were not limited to business owners and they were not able to pay back their loans due to the high interest rates and the amount snowballed.