HOW TO SET UP A DIGITAL LENDING BUSINESS IN TANZANIA

1. Introduction The financial sector in Tanzania, particularly the micro lending subsector is experiencing tremendious growth with the rise of online or digital loan services through mobile applications. The tremendous growth in the Tanzanian digital lending space is driven by the opportunities created by technological advancements and the the shortage of quick and less stringent credit system which thee traditional financial institutions are not familiar with. The advent of digital lending services in Tanzania has positively resulted in financial inclusion and economic development. However, the rapid growth in the digital lending space has also birthed challenges, including high loan administrative … Continue reading HOW TO SET UP A DIGITAL LENDING BUSINESS IN TANZANIA