Uganda trapped in debt with rise of digital lending apps

Описание: A digital debt crisis that began in parts of Asia and Latin America is now spreading across Africa. In Uganda, mobile loan apps promising fast cash are trapping many users, prompting rising complaints of harassment, data misuse, and unfair lending practices. The country’s Department of Microfinance Regulation, which oversees digital lenders, says it is stepping in to address the problem.

Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY

Follow us on:

Facebook:   / cgtnafrica  
Twitter:   / cgtnafrica  
Instagram:   / cgtn_africa