Almoloya de Juárez / State of Mexico
San Mateo Tlachichilpan is considered the land of the Mexican pyrotechnics, since 80 percent of its population is dedicated and lives from the manufacture of fireworks, characterized by pyromusical shows in all ecclesiastical celebrations.
Tierra, which according to complaints from the neighbors themselves, is being threatened by the Colombian gang of Gota a Gota Loans.
Through an office, residents of the community of San Mateo Tlalchichilpan, desperately ask for help, the governor of the Mexico state, Alfredo del Mazo Maza, for your prompt intervention.
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In the official letter dated October 1, the neighbors asked the state president to carry out an investigation in the community of San Mateo Tlalchichilpan, municipality of Almoloya de Juárez, because they affirmed that in the demarcation, the delinquency of the so-called Drop-by-Drop Loans has infiltrated.
The loans requested out of necessity led them to fall “into the hands of criminals, to whom no one can do anything”, because they are threatened with firearms. As they are allegedly illegal loans, they are not controlled and the credits rise to a thousand percent, becoming unpayable loans, for which they end up extorting citizenship to the extent of selling or taking away their properties, the only patrimony that they have forged with work.
What are Drop by Drop Loans?
Colombia is supposedly the cradle of a type of loan considered illegal that is more commonly known as “Drop by Drop” which, explained those affected, It is a means of economic financing in which a person who is in a certain situation of low resources resorts to “moneylenders” to get an amount of money at a super high rate of interest. These interest rates usually exceed 20%.
Despite its high interest rate for the amount of money that is borrowed (which is usually a minimum amount of one million pesos), perhaps the most delicate thing is what accompanies the fact of the collection to the person that has lent the money, and is that many times this type of loans are accompanied by threats and violence by those who provide said service.
These types of high-interest loans are considered illegal and therefore a crime, they reveal in the document, once they give you the money you need, you will have a period of approximately one month to return it, but with the interests that are usually 20 to 40 percent, money that is generally charged for daily fees at the homes of the people who received the cash.
They added that there are three possible reasons why they resort to this type of informal loansThe first of these is the lack of protection mechanisms in remote and impoverished areas, allowing extortion groups to settle and operate in a quiet manner.
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In turn, few possibilities for this sector of the population to access bank credit, makes more and more resort to this method of obtaining money despite the fact that, on the other hand, there is no functioning in the judicial system in this matter, which causes informality and lack of legal legality to be generated.
That is how the informal sector is the most affected by this type of organization and its high interest rates on the loan. This mode of loans makes the lower sector an anchor to misery, they said, where people have no choice but to turn to them in an emergency or need.
It is recommended if you have fallen into Drop by Drop Loans or have been a victim of the crimes of usury, threat or violation of rights, you should approach the corresponding authority to make a formal complaint for these events, those affected concluded.
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