STOP MFI | The FMA investigates illegal schemes involving microfinance institutions

The Financial Monitoring Agency is investigating illegal schemes that, according to the investigation, were used by a number of microfinance institutions.

These schemes allegedly involved disguising interest charges, using fictitious agreements, circumventing regulatory restrictions, and imposing excessive charges on borrowers, leaving people trapped in debt.

This video summarizes the key facts that have been reported in cases involving several MFIs.