The debt trap

In too deaep: Many Batswana are caught in the dept trap PIC: BIZNEWS.COM
In too deaep: Many Batswana are caught in the dept trap PIC: BIZNEWS.COM

“The man from the cash loan came this morning and scared her.

By that time, Daisy* already had the daily threatening sms from the store card debt collectors. She hadn’t checked her post for ages - for fear of receiving another notice about the outstanding balance on her card. She even hadn’t gone to the wedding at the weekend - she was avoiding her aunt who wanted her loan repaid. Then the furniture company truck turned up outside. Daisy had a bad, sinking feeling…”

Once upon a time (not so long ago) we would go shopping with cash in our wallets to pay for goods. We’d stand in a queue at the bank and cash a cheque - that was the only way we could get money from our account.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

Have a Story? Send Us a tip
arrow up