FDC Secretary General Nathan Nandala Mafabi has expressed concern over the growing number of village-based money lenders across Uganda, accusing some of using intimidation tactics and allegedly carrying weapons while demanding repayment from borrowers.Mafabi said the rapid spread of informal lending businesses has become a major issue in communities, with nearly every village now having individuals offering quick loans to residents facing financial difficulties.
While addressing the public, the opposition leader claimed that some of these lenders impose extremely short repayment deadlines, leaving borrowers under intense pressure. He said many people receive money in the morning and are expected to clear the debt by the same evening.”They give people money in the morning, and you must pay back in the evening,”
Mafabi stated, raising concerns about the methods allegedly used by some lenders to enforce repayment.He further questioned how certain money lenders reportedly acquire firearms, saying some move around with sticks and guns while pursuing those who fail to pay their debts. Mafabi demanded accountability over the source and authorisation of such weapons.The FDC official said the situation has created fear among many rural residents, especially those who depend on quick loans to meet urgent needs but later struggle to repay within the demanded timelines.
His remarks have added to ongoing concerns about the regulation of informal lending groups, with critics arguing that some practices expose vulnerable communities to harassment and exploitation.Mafabi’s warning comes amid calls for stronger monitoring of village lending operations to protect borrowers while ensuring that legitimate financial services can continue supporting Ugandans in need.
