Czechs stamp out loan sharks to help tackle inequality

Radek Hábl quit his job in finance and set up a think-tank focusing on debt relief after his cousin asked him for the Czech equivalent of a €4,000 loan.

“I was ready to help her, but I first wanted to understand her problems,” Hábl said. “So we listed all her debts and loan sharks, and it showed not only that she was in a terrible spiral, but also the victim of a huge and unregulated debt business that we should never have allowed to develop.”