Pawnshops Issued Loans at Illegal Interest Rates, Six Times Above Legal Limit
Authorities in two regions have shut down a network of pawnshops operating under the name "Albi-KM" for issuing loans at interest rates exceeding the legal limit by over six times. The pawnshops, previously excluded from microfinance activities, charged 2% daily interest. The criminal profit exceeded 146 million tenge.
Headline and summary written by daryo. The full report belongs to LS.