BROKE ZIMBAS TURN TO LOANS
Zimbabweans are
pledging beds, fridges and other household property as collateral for small
loans from financial institutions, as limited access to credit, liquidity
crunch and inflation stifle income-generating activities.
As inflation
and joblessnes…
Zimbabweans are
pledging beds, fridges and other household property as collateral for small
loans from financial institutions, as limited access to credit, liquidity
crunch and inflation stifle income-generating activities.
As inflation
and joblessness persist, financial institutions are increasingly targeting the
working poor with asset-backed loans that threaten to turn survival credit into
a