The “pinjol” trap: the horrors of payday loans in pandemic-stricken Indonesia – Wed, September 22, 2021
JP Staff (The Jakarta Post)
Wed, September 22, 2021
Imagine the following situation: After being fired by your employer, you find yourself desperate for money, with barely enough for you and your family for the rest of the month. You have tried looking for another job, but the pandemic has made vacancies scarce. Your friends and family aren’t doing well either, so they can’t help you. You do not know what to do.
And then you see it, an ad online that says “Quick and Easy Money.” You just need to fill in a few details over the phone, and you will get the money to feed your family and maybe pay the bills. You give in. You download the application indicated on the ad and follow the necessary procedure. A few hours later, you receive a notification. A certain amount has been transferred to your account. You breathe a sigh of relief.
You spend your days. A few days later, someone claiming …
to read the full story
From IDR 55,000 / month
- Unlimited access to the content of our website and applications
- Daily digital newspaper e-Post
- No advertising, no interruptions
- Privileged access to our events and programs
- Subscribe to our newsletters