STOP MFI | 43,000 kazakhstanis may have fallen victim to a microloan scheme

Authorities in Kazakhstan are investigating a suspected fraudulent microloan scheme that may have affected 43,000 people across 18 regions.

According to Kazakhstan's Financial Monitoring Agency (AFM), borrowers were allegedly told that paid consultations were mandatory to obtain or extend a loan. The fees were added to their debt.

You receive less — but pay back more.

The investigation is ongoing.

Share this post with your loved ones. They may not even realize they are paying hidden fees.