By Chris Michael The case of a female farmer who reportedly lost property worth about €400,000 after taking an informal loan of €20,000 has brought to light a dark chapter which, according to police sources, continues to operate quietly on the margins of the Cypriot economy. The woman said that, unable to secure financing through the banking system, she turned to a private lender, known as usury.
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The case of a female farmer who reportedly lost property worth about €400,000 after taking an informal loan of €20,000 has brought to light a dark chapter which, according to police sources, continues to operate quietly on the margins of the Cypriot economy.
The woman said that, unable to secure financing through the banking system, she turned to a private lender, known as usury.
What began as a “solution of last resort” evolved into a road with no way back, marked by mounting pressure, escalating demands and, ultimately, the loss of the property that had been her only financial safety net.
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Redakcija Vesti odgovara u roku od 7 dana. Ako se vaš odgovor prihvati, prikazuje se uz priču.
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