Debt Recovery Agency Rehabilitates Indebted Batswana

Elliot Moshoke PIC:MORERI SEJAKGOMO
Elliot Moshoke PIC:MORERI SEJAKGOMO

Over the years it has become apparent that Batswana are highly in debt. The latest statistics from Bank of Botswana indicate that as of January 2018 the country's household debt has reached an all-time high of $3.4 billion (P33.7 billion).

An entrepreneur with a legal and finance background, Elliot Moshoke saw it as an opportunity to start a debt recovery company called Real Debt Recovery, which helps corporates recover their debts and offers rehabilitation to the debtors.

“Passion drove me to start this company about 16 years ago because I realised that people struggled to collect debt and mostly do not have sufficient time to focus on them, hence the reason why I decided that I can intervene and do that on their behalf,” he said.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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