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Thursday, Oct 28, 2021
Outlook.com

The Loan Apps Sharknado

Fly-by-night micro-lenders offering instant credit leave people in financial ruin, push many to suicide, and pose national security risks.

The Loan Apps Sharknado
Photograph by Shutterstock
The Loan Apps Sharknado
outlookindia.com
2021-02-02T09:09:55+05:30

Telangana: Agriculture extension officer K. Mounika ends her life after her photograph was released on social media and WhatsApp groups for defaulting on her loan taken through an instant credit app. She was 24.

Delhi: Harish, 25, hangs, himself following constant harassment by app-based creditors. His photographs were also circulated on WhatsApp groups.

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