Loans: A lifeline or a trap? Insights from money lenders Chair
Loans can be a powerful financial tool when used wisely, yet for many, they still carry a stigma or are misused due to a lack of guidance. Earlier, we hosted the chairman of the Money Lenders Association, Jonan Akandwanaho, who pointed out that some people resort to borrowing even in moments of desperation, such as paying medical bills for patients in the ICU. It’s a stark reminder that borrowing isn’t always for business ventures or investments; sometimes, it’s about survival.
