Govt throttles lifeline to micro loans

Friday, September 09, 2011

Letshego waves red flag
Mobile phone firms to feel the pinch

Civil servants, microlenders and mobile phone companies are set to emerge the biggest losers from a recent decision to withdraw the government as the "clearing agent" for credit arrangements between the three parties.

Already, preliminary estimates indicate more than P67 million on a monthly basis going out from civil servants to microlenders and cellphone providers will be affected by the move.

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Govt throttles lifeline to micro loans

Letshego waves red flag
Mobile phone firms to feel the pinch

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Govt throttles lifeline to micro loans

*Letshego waves red flag* Mobile phone firms to feel the pinch

Letshego waves red flag
Mobile phone firms to feel the pinch