Microfinance victims stage protest in Baluwatar

Loan shark and microfinance victims staged a protest outside the Baluwatar-based Nepal Rastra Bank on Wednesday.

They, who arrived in Kathmandu from various places of the country, marched from Siphal to Baluwatar putting forth various demands this afternoon.

During the protest, they demanded that cooperatives and microfinance institutions be scrapped.

The struggle committee put forth nine-point demands that include exempting loans, developing socialist economy, removing them from blacklist and releasing their collaterals and providing free loans to poor farmers among others.

The microfinance victims said that the state should address their demands and would not return home until the issue is resolved.

The victims complained that their demands have not been addressed yet despite the government’s repeated assurances.  

Earlier this morning, Prime Minister Pushpa Kamal Dahal called the cooperatives and microfinance victims to Baluwatar and said that the government has been taking initiatives to resolve the problems.