Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
More women tapping digital financing for the first time
According to the report’s findings, the top reasons for taking digital loans by women are to cater for household expenses such as food and rent, school fees and supplies, small business operations, and medical bills.
Improved smartphone penetration and exposure to digital finance have seen more women take digital loans for the first time.
A review by digital credit provider Tala showed an increase in the number of first-time borrowers, the bulk of whom are women. The findings signal fading gender barriers to access to financial services, specifically digital credit.
