consumer
Buying on credit from retail stores, where you buy, take the merchandise away and then pay over a period of time, is unlike in South Africa, not that common in the rest of Africa,
As recently as 2021, 45% of people in sub-Saharan Africa didn’t have access to a formal bank account.
That doesn’t just make it difficult for them to save effectively, but also to access formal lines of credit.
Eric Muli, Founder and CEO of Lipa Later said when when most people talk about financial exclusion and the
