Entrapped by financial distress and debt
2 years, 7 months ago

Entrapped by financial distress and debt

The Hindu  

At Chaya’s home, weekends were synonymous with non-vegetarian fare. They are mindful of how they spend every penny, and are focussed on repaying the loans that they took for Subodh’s COVID-19 treatment in May last year. “Regardless of how much I get, I keep aside ₹8,000,” says Ms. Chaya, sounding determined to repay the loans as early as possible. Our first task is to repay the people who extended financial help during tough times,” adds Ms. Chaya. The 24-year-old had taken a high-interest loan of ₹2 lakh for the treatment of her late husband, S. Rakesh, who was infected with COVID treatment last May.

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