CNBC Africa


How Mashonisas, traditional banks can work together on credit markets

PUBLISHED: Tue, 22 May 2018 15:19:42 GMT

The prevalence of non-registered credit lenders also known as mashonisas is more widespread than anticipated. This is according to the Informal Lending Report, commissioned by short-term lender, Wonga showed that there are approximately 40 000 mashonisas in South Africa, at a ratio of 1:100 households in informal settlements. Joining CNBC Africa is Brett van Aswegen, CEO, Wonga SA.