Laenuandjaid
Laenuandjaid, also known as "loan sharks," are individuals or organizations that offer loans at excessively high interest rates, often to borrowers who are in desperate financial situations and cannot obtain credit from traditional sources like banks. These lenders typically operate outside of the mainstream financial system and may engage in illegal or unethical practices.
The term "laenuandjaid" is derived from Estonian, where "laen" means "loan" and "andjaid" means "giver." Loan sharks
The high interest rates charged by loan sharks can lead to a cycle of debt that is
Efforts to combat loan sharks include financial education programs, the promotion of alternative lending options, and