International Perspective on the Persons Under the Burden of Debt

Authors

Tamam Odeh al-AssafFollow
Suna Omar Abadi, The World Islamic Sciences UniversityFollow

Abstract

This study tackles loan repayments for debtors focused on Persons under the burden of debt. While financial facilitation, through lending funds and financial service providers, have contributed to supporting small projects especially for women who fall officially under the poverty line and in most need of financial capital, however, such debt instruments were provided with high interest rates. With absence of financial literacy and commercial investment experience, the borrowers are faced with imprisonment as part of the penal conditions in case of defaults in repayments or inability to repay the debtors. This study addresses the extent of applicability of such conditions on persons under the burden of debt and its relationship with financial support and economic empowerment

Recommended Citation

al-Assaf, Tamam Odeh and Abadi, Suna Omar (2021) "International Perspective on the Persons Under the Burden of Debt," Jerash for Research and Studies Journal مجلة جرش للبحوث والدراسات: Vol. 22: Iss. 2, Article 13.
Available at: https://digitalcommons.aaru.edu.jo/jpu/vol22/iss2/13