May 4, 2017 8:18pm CST
Just about every adult people have debt from banks. Nearly all banks give loan to individuals and of course companies. It seems that people cannot build their houses or buy vehicles without first asking for loan from banks. Even some people have debt from several banks. The loan from the first bank goes to building or buying a house and the loan from the second bank for buying a vehicle or paying their children's school fee. This has been going on for many years. Some business people prefer spending their money for business to using it for personal use. Most government employees borrow money to improve (or to look better) their standard of living.
5 May 17
That's horrible, debts increasing day by day. Everyone want a high standard life that's the reason of increasing debts, one of my friend she works in a bank she bought everything in the fifth month of her job just buy taking loans and now paying interests every month and her husband did not have a good job, if we ask her what is the need to buy so many at a time , she says "status".