Colombia-Mexico Loan Sharking Schemes

Written by Michael Lohmuller  for InSight Crime

Colombian loan sharks are expanding operations throughout Latin America. In this practice — known as “gota a gota” or “drop by drop” — creditors offer high-interest loans to poor and working class people with little or no access to formal banking services. A debtor’s inability to repay creditors can lead to violence, even death.

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