Licensed moneylenders have a part to play in pandemic too, says Zuraida

Licensed moneylenders were allowed to operate during the "total lockdown" period because they were necessary to prevent borrowers from going to loan sharks, said Housing and Local Government Minister Zuraida Kamaruddin.

In a recent interview with Malaysiakini, Zuraida said moneylenders - which her ministry rebranded as credit community firms in 2019 - were a regulated industry which provided protection for borrowers.

"If one wants to borrow, please borrow through the proper system...