Costa Ricans Resort to Loans for Basic Necessities
A study by CINPE reveals that 25% of Costa Ricans request loans to cover basic needs like food and services, reflecting economic desperation.
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A study by CINPE reveals that 25% of Costa Ricans request loans to cover basic needs like food and services, reflecting economic desperation.
QCOSTARICA -- The National Debt Survey (Encuesta Nacional de Endeudamiento) concludes that some 221,000 Costa Ricans have resorted to informal means of borrowing, obtaining quick and easy loans from loan sharks ("gota a gota lenders" in Spanish), that is not regulated, charges high interest, which can double and triple or more and typically comes with…
MEIC's Household Financial Survey identifies results that coincide with the OCF debt survey, regarding the financial habits of citizens
The digital tool has undoubtedly been very beneficial for Costa Ricans, but since not everything is rosy, if there is an error on your part when making a transaction, you run two risks...
QCOSTARICA (Observador.cr) Stopping the arrival of people dedicated to “loan sharking" (gota a gota loans) became a challenge for Costa Rican authorities, especially after the tightening of measures that other countries in the region have been taking. Weeks ago, the President of El Salvador, Nayib Bukele, gave a grace period for the suspects to flee…