The risk of unsecured lending in South Africa - Leriba

In the process the unsecured credit market evolved from a microloan market into a large, middle-class focused credit business. The nature of the typical loan and borrower shifted dramatically over this period. Unsecured loans range up to R230 000 of value and 84 months in repayment terms. Trend 1: Higher income borrowers became much more ................
................