Rural villages in turmoil due to informal lending schemes.

Over the years, in many localities in Nghe An province, the informal lending schemes ("hui, ho, phuong"), which were once familiar forms of mutual capital assistance, have transformed into high-interest investment channels, attracting thousands of people with the belief and expectation of getting rich. However, behind these attractive promises are numerous failed lending schemes, with organizers declaring inability to pay or absconding, leaving many families penniless and burdened with debt. This situation reveals legal loopholes and a lack of understanding among the people.