Lucy John

Lucy John

borrower Tanzania

Lucy John, a Tanzanian borrower, found herself in financial distress after taking a loan from a microfinance institution without fully understanding the hidden fees and penalties associated with it, leading to a shocking realization of her debt obligations.

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Tanzania Tanzania: Lucy John turned to a microfinance institution for urgent financial assistance but faced severe penalties due to not understanding the loan terms. 5

The Citizen – major Tanzanian English newspaper, est. 2004: Read before you sign: How hidden fees, penalties devour microfinance loans