DEBT TO LENDING COMPANIES, A WIDESPREAD PROBLEM IN BRGY. SILLAWIT, CAUAYAN CITY - RMN Networks

Cauayan City – In Barangay Sillawit, Cauayan City, Isabela, it is now common for residents to have multiple debts to lending companies. In an interview with the IFM News Team, Brgy. Kagawad Luzviminda R. Mauricio, each resident owes from P10,000 to P30,000 to a lending company. Often, barangay members are not only indebted to one but to three or more institutions. He said that staff of lending companies often go to the barangay hall to complain …