Micro-Lending

Mapping 30+ Microlending Startups In Africa & Measures Taken To Survive COVID-19

By  |  September 26, 2020

The Metamorphosis of Micro-Lending

When Bangladeshi national and economics professor, Mohammed Yunus, introduced the concept of microlending over 40 years ago, the idea was to uplift village artisans who were hamstrung by poverty despite their skill.

In those days, basket weavers in their homeland were considered poor credit risks and, thus, were forced to borrow money at high-interest rates to be able to purchase bamboo. In the end, they made no profit after repaying moneylenders.

Most Read


MPost Is Turning Phones Into Addresses In Fresh Push To Fix African E-Commerce

In the heart of Africa’s bustling tech scene, one long-standing startup remains steadfast


Headway Beyond Headlines: How Roscas Plans To Crack Mozambique’s Financially Underserved Market

While headlines trumpet a tech boom in Africa’s biggest economies, a quieter revolution


Ride-hailing Users Are Uneasy About Lagos Govt Collecting Real-Time Trip Data

A controversial issue—one that spotlights the complexities of privacy, regulation, and the evolving