Shermunda Lawrence
3-27-09
3:05pm
Loan sharks in Malaysia and South Korea had started using women as a strategy in a way to get borrowers to pay money. What the women do is sit or stand near the borrowers to make them feel ashamed. A loan shark named Loh stated the collecting money was getting harder because of the slump. The shortage of bank credit gives the loan sharks more people to tend to since job losses are up at 67 percent. “We are aware what the loan sharks are doing,” Inspector General of Police Musa Hassan said in an interview. “The problem is the people are still going to seek help from them.” Borrowers include owners of small businesses, contractors, doctors, lawyers, gas-station owners, politicians, former senior civil servants and even the police.
Now I understand the economy is not up to par right now and people and small businesses are struggling to make it in the world. But why do loan sharks need to use “women” for their bait to get people to pay up? I think this is inappropriate and needs to be demolished. Its like they’re using beautiful women to get what they want, so what are they giving the women in return? And is the women strategy really working? And why use women? I know they are some other idea or strategy that will work better. I wonder what happens when the borrowers is a female; how can a women help that?
Chan Tien Hin
http://www.bloomberg.com/apps/news?pid=20601102&sid=aAnBviwQjxr4&refer=uk
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