Tembo FM

Money lenders

31 October 2024, 5:31 pm

Money lenders warned against using national IDs as collateral

By Otim Moses Arapmoi Moneylenders in Kitgum district have been ordered to immediately stop holding their clients’ National ID cards as collateral or face legal consequences. The moneylenders include microfinance institutions as well as SACCOs. The warning was issued last…