The two CSOs said that if the micro finance institutions and money lenders started collecting interest, they won’t be able to fully revive their businesses.
TFM Desk
People’s Action for National Democratic Movement (PANDM) and Indigenous Peoples’ Association of Kangleipak (IPAK) urged the authorities of micro finance institutions and money lenders of the state not to collect interests from the borrowers, especially women vendors, for the time being.
In a joint statement, the CSOs said that although the curfew that was clamped by the state government to tackle COVID-19 has been relaxed to some extent, economic activities in the state have not revived fully. The women vendors are still limping back to their normal economic activities by doing their businesses on a rotational basis in major markets of the state, it said.The CSOs said that if the micro finance institutions and money lenders started collecting interest, they won’t be able to fully revive their businesses. In the larger interest of the women vendors, they should be given more time, it added.