Survey: 90% of Batswana earn below P10, 000 monthly

Friday, July 17, 2015

About 90 percent of Batswana earn not more than P10, 000 per month, a trend that has contributed to the low uptake of financial services such as mortgage finance, a diagnostic study on financial services provision shows.

Results of the Making Access Possible (MAP) report released in Gaborone this week, show that a combination of high cost of land as well as low incomes has excluded the majority of the population from mortgage finance.

The MAP study derived the income distribution figures from the 2015 Finscope survey, which was conducted between October and December last year sampling 1503 respondents from Botswana’s total population of 1.3 million adults.

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Survey: 90% of Batswana earn below P10, 000 monthly

About 90 percent of Batswana earn not more than P10, 000 per month, a trend that has contributed to the low uptake of financial services such as mortgage finance, a diagnostic study on financial services provision shows.