Altron Fintech index shows SA's incur, manage micro-finance debt better than before Covid-19

Dr Roelof Botha is the economic advisor to the Optimum Investment Group and the brains behind the Altron Fintech Household Financial Resilience Index. Dr Botha joined BizNews contributor Bronwyn Nielsen to discuss the index, the purpose of which is to assess the state of micro-lending in South Africa from the perspective of the ability of borrowers to repay their loans. ”If one looks at micro financing in South Africa, if you can extend access to finance to relatively poor households - who have some source of revenue - then it stands to reason that you can expedite expenditure and productivity. Many of these Altron Fintech customers actually use these loans for working capital, to buy welding rods and fuel for the bakkie, so that they can get out to site and build houses. It plays an invaluable role,” says Roelof. Learn more about your ad choices. Visit megaphone.fm/adchoices