Browsing: Lending in Africa

None of us particularly like money-lenders and few of us would want the stress and unpleasantness of being the type of money-lender that proliferates in cities like Kampala – leeching returns of 10% a month against assets pledged by desperate borrowers.  The reason that these bloodsuckers can exist is that access to credit on reasonable terms, or at all, from banks is still so difficult to get for most businesses.  
Also Read: Mobile money loans affecting banks’ lending – report
The fact is that there are some great businesses that cannot grow and often struggle to survive because cash-flow ...

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