Public warned against using money lenders
By Sania Babirye
The Kabula county Member of Parliament James Kakooza has advised his electorates and Ugandans at large to desist from borrowing money from quark money lenders to avoid losing their property in unclear circumstances.
Speaking to the media in Lyatonde, Kakooza explained that the problem of quark money lenders is a big problem and which needs massive sensitization.
He says that many desperate Ugandans in need of urgent loans find themselves running to such quark money lenders for a quick loan instead of using well established financial institutions and in the end many have lost their land, houses, and money among other things.
Kakooza says people should stop using money lenders and instead use financial institutions like banks that do offer genuine money lending services without any intention of wanting to take peoples properties.
Kakooza is now appealing to the public to first consult their area local leaders before borrowing money to not fall prey to quark money lenders.