The relentless borrower
Friday, June 13, 2014
The latest Bank of Botswana (BoB) statistics show that measured against personal incomes, households are heavily indebted to commercial banks, micro-lenders, hire purchase and other informal sector facilities such as metshelo.
By the end of March this year, central bank figures show that of the P40.93 billion that commercial banks loaned out, 56 percent (P23.2 billion) was channelled toward households.
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...