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High interest rate concerns

Repeka Nasiko
Tuesday, April 24, 2012

HIGH interest rates imposed by moneylenders in Levuka was a major concern highlighted during a two-day workshop organised by YWCA National Executives and facilitated by Consumer Council of Fiji.

The workshop held a week ago was attended by 40 YWCA members.

Consumer Council of Fiji manager campaigns, information and media Dorine Narayan said the workshop highlighted the single reason for borrowing was to handle cash flow problems in the household.

"This included meeting daily family needs, utility bills and children's education needs as well as meeting high purchase payments," Ms Narayan said.

"One other specific reason for borrowing was to meet fundraising needs for the vanua or the lotu," she said.