Afsci index shows increased demand for short-term credit by most vulnerable
Short-term credit is a barometer of the financial health of lower-income households
07 December 2022 - 10:47
Short-term credit extension — loans with values under R8,000 that are repayable within six months — increased in the second quarter, suggesting increased demand for credit advanced outside the formal banking system by individuals and institutions, a survey found.
The Altron Fintech Short-term Credit Impact (Afsci) index, released on Wednesday, showed that short-term credit extension increased 9.9% in the second quarter compared with the first quarter, and is expected to rise 0.9% in quarter three...
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