When borrowing becomes a burden: Addressing loan overcommitment in Botswana
Friday, August 14, 2026 | 240 Views |
Urging restraint: Klitzke
This is financial overcommitment: when monthly income can no longer adequately cover both household needs and debt obligations. A borrower may still be paying on time, but only by cutting essential spending, requesting repeated loan top-ups, borrowing elsewhere or using one loan to settle another.
The Bank of Botswana estimated household debt at P68.6 billion in December 2024, up 12% from P61 billion in the previous survey.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...