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Credit trap: debt and dispossession in Central Asia

Since the collapse of the USSR, credit has slowly taken hold as the only way to make ends meet in Kazakhstan and Kyrgyzstan. All too often it ends in tragedy

Credit trap: debt and dispossession in Central Asia
"We are ready to set ourselves on fire" | Source: Kaktus Media
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On 15 April this year, 15 women seized a local state administration building in northern Kyrgyzstan. Their demands: debt relief and the prevention of their houses being repossessed.

Barricading themselves inside the building, the women – clad in black headscarves as a sign of mourning – threatened to pour petrol over their bodies and set themselves alight if the country’s prime minister refused to negotiate with them. They placed gas cylinders along the office windows and poured petrol on the floor, setting the scene for a large explosion.

“We’re sick of financial slavery! Eradicate usury!” the women announced as they struggled to breathe in the room full of fumes. These women had spent years battling financial oppression, and had finally reached the end of their tether.