Will Hong Kong’s clamp on lending wean helpers off debt – and save their dreams?

Anna, a domestic helper from the Philippines, had managed her finances well until she took out two loans over the past few months for a friend she described as being “like a mother to me”. The 37-year-old, who asked to be identified only by her first name, now has to pay creditors about HK$9,000 (US$1,149) a month – almost twice her salary – leaving her extremely stressed about her debt. “My friend said she needed the money and asked if I could borrow from banks under my name, saying she woul...

By Lo Hoi-ying