{"id":26482,"date":"2022-09-17T15:20:06","date_gmt":"2022-09-17T15:20:06","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks"},"modified":"2022-09-17T15:26:35","modified_gmt":"2022-09-17T15:26:35","slug":"sofala-authorities-clamp-down-on-loan-sharks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks","title":{"rendered":"Sofala authorities clamp down on loan sharks"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Sofala Provincial Office for Combating Corruption is worried about the proliferation of loan sharks \u2013 individuals who engage in financial lending outside the law.<\/p>\n

These informal lenders take advantage of their clients\u2019 distressing circumstances to charge unduly high levels of interest.<\/p>\n

This is punishable under law, notes spokesman for the Sofala Provincial Office for Combating Corruption, Anast\u00e1cio Matsinhe.<\/p>\n

Matsinhe said loan sharks in Sofala might soon find themselves in court, responding to charges of committing crimes against the national economy.<\/p>\n

Matsinhe explained to Radio Mozambique that loan sharks routinely charge exorbitant interest rates and often resort to \u2018private enforcers\u2019 to collect debts.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Sofala Provincial Office for Combating Corruption is worried about the proliferation of loan sharks \u2013 individuals who engage in financial lending outside the law. These informal lenders take advantage of their clients\u2019 distressing circumstances to charge unduly high levels of interest. This is punishable under law, notes spokesman for the Sofala […]<\/p>\n","protected":false},"author":84,"featured_media":26481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[233,281,283],"class_list":["post-26482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSofala authorities clamp down on loan sharks - Mozambique<\/title>\n<meta name=\"description\" content=\"The Sofala Provincial Office for Combating Corruption is worried about the proliferation of loan sharks \u2013 individuals wh ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sofala authorities clamp down on loan sharks\" \/>\n<meta property=\"og:description\" content=\"The Sofala Provincial Office for Combating Corruption is worried about the proliferation of loan sharks \u2013 individuals wh ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-17T15:20:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-17T15:26:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_8-6325e70e24fbb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sofala authorities clamp down on loan sharks\",\"datePublished\":\"2022-09-17T15:20:06+00:00\",\"dateModified\":\"2022-09-17T15:26:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\"},\"wordCount\":122,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_8-6325e70e24fbb.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sofala-authorities-clamp-down-on-loan-sharks\",\"name\":\"Sofala authorities clamp down on loan sharks - 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