The main reason for borrowing money is to buy food. Thereafter, funerals, school fees and medical expenses become the most pressing needs. The most likely source of obtaining a loan is from family or friends. (Finscope 2006)
This week’s theme: Launch of Finscope 2006
Related facts:
- Chocolate (credit) crunch 11% of adults in South Africa borrow money to buy food....
- No cake. Not eating it One in five South Africans claim that they cannot afford to...
- Hand me downs 7% of South Africa’s adults claim they could not survive without...
- Hand to mouth 10% of adults in South Africa borrow money to buy food....
- Loan cycle 21% of people with loans use the loan to pay off...
