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How Instant Mobile Loans are Accelerating Debt Crisis in Uganda
Unregulated digital loans are devastating Ugandan families with annual interest rates soaring past 100%. Read how this instant cash culture is accelerating a national debt crisis. KAMPALA, Uganda — Across Uganda, the surge of instantly approved digital loans, once touted as a tool for financial empowerment, has led to a quiet but pervasive crisis, trapping millions of people in cycles of crushing debt due to crippling interest rates and unregula…
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1 Articles
How Instant Mobile Loans are Accelerating Debt Crisis in Uganda
Unregulated digital loans are devastating Ugandan families with annual interest rates soaring past 100%. Read how this instant cash culture is accelerating a national debt crisis. KAMPALA, Uganda — Across Uganda, the surge of instantly approved digital loans, once touted as a tool for financial empowerment, has led to a quiet but pervasive crisis, trapping millions of people in cycles of crushing debt due to crippling interest rates and unregula…
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