The number of loans issued against movable assets such as household items, crops, livestock and bank accounts increased by 61.1 percent in the six months to June, indicating reduction in risk tied to this class of property by lenders.
Data from Companies Registry show Movable Property Security Rights (MPSR) notices – notices lodged by banks and microfinance to secure interest of a movable collateral in order to issue loans - were recorded at 58,287 in the half year compared to 36,176 notices made in the same period last year.
