There are several reasons why various fintech companies, banks, and mobile money operators are increasingly offering smartphone loans across Africa, It is a goldmine.
i am thinking on the Sustainability of the Model, While smartphone loans are beneficial for driving digital inclusion, it’s important to consider the sustainability of this model. The long-term success will depend on factors such as the affordability of repayment terms, customer education on financial responsibility, and the ability of providers to manage risks associated with loan defaults. overall thank you very nice article.
i am thinking on the Sustainability of the Model, While smartphone loans are beneficial for driving digital inclusion, it’s important to consider the sustainability of this model. The long-term success will depend on factors such as the affordability of repayment terms, customer education on financial responsibility, and the ability of providers to manage risks associated with loan defaults. overall thank you very nice article.
The model is improving and the bad ones will die slowly but surely