Representatives of the organization Happy Georgia ask to ban online loans

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Representatives of the organization Happy Georgia ask to ban online loans

22-03-2016 18:47

Representatives of the political movement Happy Georgia started collecting signature for banning online loans.

They demand to ban online loans or force microfinance organizations to decrease the annual interest rate

"Today we have started to collect signatures demanding to ban online loans. They have unrealistically high percentage, that is why their loans become problematic, which leads to more and more people"s impoverishment. It is important that in expedited timeframe Parliament takes the initiative and bans our online loans, "- said election campaign manager, George Kvrivishvili.

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