Meet the Filipinos trapped in a nightmare by online loansharks


With half of Filipino adults unbanked, more are becoming trapped in debt cycle with illegal online lenders. — Unsplash

MANILA: Melissa thought her financial troubles would disappear with just a few clicks in a Philippines online lending app that promised "fast cash".

Without access to loans from traditional banks to pay her bills, the working student tried an app last month and received money in a number of loans that were instantly approved.

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