Failing to repay loans, many Bangladeshi migrant workers lost properties: study - News Summed Up

Failing to repay loans, many Bangladeshi migrant workers lost properties: study


The study reveals that almost 12.5 percent of male expatriates who resorted to loans to pay the recruitment and travel costs have lost possession of their mortgaged properties due to their failure to repay. As much as 41 percent of the workers took loans from friends and relatives, 28 percent received finances from the family, 20 percent borrowed from NGOs while 15 percent borrowed from banks and other lenders. The study found that the cost of travelling to Singapore was Tk 574,241 while for Saudi Arabia it was Tk 436,366. The highest number of workers with contracts went to Singapore, followed by Malaysia, Qatar, Saudi Arabia and Oman. The female workers earned Tk 20,211 while the male took home Tk 32,542 per month.


Source: bd News24 December 12, 2020 19:52 UTC



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