MICROLOANS: ORGANISED CRIME?

Noseweek Issue #38, 1st December 2001   


Exorbitant interest is being charged on education loans for the poor. Two years ago broker Ronel van der Merwe devised a unique scheme aimed at helping poor students secure loans at reasonable rates. But her Umsizi (“the helper”) scheme ended in a no-holds-barred court battle with Unibank’s microloans division.

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