MP of the Party of Action and Solidarity (PAS) Dan Perciun repeatedly calls on the Government and MPs to take measures to support the people who took out loans from microfinance companies and now have debts. Among the solutions that could be promoted by the state is to put off the payment of interest on loans, to buy these debts from microfinance companies so that the people have debts to the state, while the state will not impose harsh penalties and to borrow the personal bankruptcy law from Romania and other solutions from other states, IPN reports.

In a press briefing, Dan Perciun said those from the PAS more often receive complaints from people who say that they got into the trap of microfinance companies. This category of people includes those with small salaries. 23% of the country’s population has incomes lower than 2,000 lei a month. Namely these people are the main clients of these companies. Over 450,000 Moldovans raised loans from microfinance companies.

“The Government chose to take sides with banks, microfinance companies and, instead of looking for solutions in the people’s interests, is ignoring this problem,” said Dan Perciun.

He reminded that the PAS in March asked the Government to allow postponing payments on these loans and proposed a relevant bill. The Government hasn’t yet examined this bill.

Iurie Motroi, the father of two children, related that before the birth of the second child, he lost his job. As they live in rented accommodations, he had to take out a loan as he hoped he will find a job and could repay it. But he was unable to get a job. He had to raise another loan to repay the first and ultimately raised four loans during two years. Meanwhile, the interest rate increased exorbitantly. He called on the people not to take out loans from microfinance companies or to be precautious and inform themselves well about the financial obligations they assume.