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Beneficiaries of gov't cash scheme turn to loan sharks | Inquirer News
Beneficiaries of gov't cash scheme turn to loan sharks. By Gil C. Cabacungan Jr. Philippine Daily Inquirer. 3:22 am | Monday, August 1st, 2011. Tweet .

Loan Sharks, Microloans and the Highest Interest Rates Around ...
Aug 24, 2011 . Here in Ecuador, loan sharks- or as they're called locally, chulcos or chulqueros- . The danger of borrowing from these loan sharks is twofold.

The "Bombay 5-6": Last Resource Informal Financiers for Philippine ...
Because micro-credit financiers charge high interest rates, the term “5-6” can also invoke the image of a loan shark. In the Philippines, there are two Indian .

Microloan Sharks
are far lower than those of neighborhood loan sharks, who in countries like India or the Philippines can charge as much as. 20 percent per day. Some MFI .

Convicted Loan Shark Must Pay £18K Or Go To Jail - Balita Pinoy
Jul 6, 2012 . Loan shark Santos has been ordered to pay back all of her available . of £ 40,291 lending to 18 'customers' within the local Filipino community.

Loan Sharks Circle the Credit-Starved - MarketWatch
Sep 2, 2009 . Loan Sharks Circle Credit-Starved Consumers . loan shark in April 2007, seeking money to send to family members in the Philippines after his .

Pinoy Loan Shark Stung For £52-K By British Court - Balita Pinoy
Pinoy Loan Shark Stung For £52-K By British Court. July 27, 2012. Convicted Filipino loan shark ordered to pay back more than £52,000 in a proceeds of crime .

Money in the Philippines the poor never see -- New Internationalist
Jul 26, 2011 . Your comment that loan sharks charge 20% is not all that eyeopening. Major banks in the philippines charge 18% on mortgages in addition to .

Expats turn to loan sharks and find more misery - The National
ABU DHABI // More and more Indian and Filipino expatriates are turning to loan sharks to help them cope with the economic slump, officials say. But dealing with .

Loan shark nurse made £75,000 (From Daily Echo)
Apr 7, 2012 . A NURSE turned loan shark made almost £75000 by lending money to . to other Filipino health workers, Southampton Crown Court was told.

Loan shark who targeted poorly paid Filipino workers
Mar 15, 2010 . A 44-year-old woman who illegally lent money to poorly paid workers from London's Filipino community has been sentenced to 15 months in .

AdoboRice.com: Dealing with Loan Sharks - A Case Story from Mark ...
Jan 31, 2011 . In another case in Hillingdon, loan shark Heide Wahida Baker, falsely told her victims that her transactions were governed by Philippine law .

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Five, Six | The Manila Bulletin Newspaper Online
Jun 3, 2012 . MANILA, Philippines --- NO, this isn't bad news of 5-6 of the Bombay loan shark. It's good news about PH GDP growth rate of 5 percent to 6 .

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    Loan shark: Latest News, Videos, Photos | Times of India
    See Loan shark Latest News, Photos, Biography, Videos and Wallpapers. Loan . Philippines for example, recent Playfair 2012 research found 50% of workers .

    Loan Sharks and exploitative Lending . . countries such as Nepal, India, the Philippines, and Uganda, and performs low-wage but essential services, including .

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    May 6, 2008 . Thus, the ordinary Filipino would rather go to these “loan sharks” where the borrower could get the proceeds of his loan in a couple of hours .

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    Tips for OFWs: Don't Be a Victim of Loan Sharks
    5 days ago . Loan sharks prey on individuals who do not have access to legal financial institutions like banks and . oOFW, POEA, OFWs, Filipino Workers .

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I'm not a 'loan shark maid'
Oct 13, 2008 . A Filipino maid spent almost one year agonising over her fate for doing . was sentenced to 20 months' jail for moonlighting as a loan shark.

About the author

Iris Gonzales a New Internationalist contributor

Urban Dictionary: loan sharks
A member in organized crimes that loans an amount of money to people that are in need of fast, easy money. Loan Sharks tend to be violent if the cl...

loan sharks | Joanna Chiu
Aug 1, 2012 . Posts about loan sharks written by joannachiu. . who have emigrated from countries such as the Philippines, Singapore and Thailand. Enrich's .

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Mar 23, 2011 . Philippines Services: GUARANTEED FINANCING : BUSINESS AND . Have you found yourself in so much debt by some Loan Sharks?Are you .

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In the Philippines, small business owners still would go for the loan shark because they are not keen on preparing the paper requirements of banks and other .

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