Uganda’s experience illustrates that solving the problem of defaults is not simply about adjusting loan terms or improving credit scoring. It requires an understanding of the cultural frameworks that guide how people borrow, how they prioritize repayments, and how they perceive the consequences of failing to meet their obligations. The post A cultural view of loan defaults in Uganda first appeared on Lendsqr.| Lendsqr
Explore how cultural attitudes shape loan defaults in Sierra Leone between 2019 and 2024, offering fresh insights for lenders and policymakers.| Lendsqr - Empowering the smartest lenders