Academic warns against borrowing from informal sector
Wednesday, March 26, 2008
The convention was held at the Botswana Bureau of Standards last week.
The UB academic said when people have over borrowed money from the banks, they go to the informal sector where the interest rates are not controllable.
He said the informal traders charge as much interest rate as 20 percent with some charging upto 30 percent.He said once a client has borrowed money from the micro lenders, he or she would always depend on them.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...