By Kantarawaddy Times
Government servants and others who joined the Civil Disobedience Movement (CDM) to overthrow the military regime are asking private companies in Kayah State that they own money for more time to repay back their loans.
With many people not working in the state to protest against the junta’s State Administration Council, they are not earning a salary, and their loans have fallen into arrears.
“I borrowed money. Now the loan company wants me to return it. At this moment, I cannot even afford to buy rice,” said a female government servant who joined the CDM.
With banks closed, a loan company told Kantarawaddy Times it is difficult to provide extensions for the funds they are owed. The company explained they need the loans returned to stay in business. It is attempting to broker a new deal with its clients by letting them pay interest until they can pay back what they owe.
“We are trying to negotiate with them to provide the best service we can,” an employee of the loan company told Kantarawaddy Times.
According to other news sources, some private money lenders in the state already started collecting interest from faulty loans.
Health workers across the country started the CDM two days after the military overthrew the National League for Democracy government during a coup on February 1.
Many government workers and employees from the private sector refuse to work until the military regime steps down.
