Question

why do so many people Borrow money from the mashonisas

Answer 1

Answer:

Africa – Wonga.com – recently released a report on the often knavish phenomenon of the township loan shark, investigating why low-income consumers opt to borrow from illegal lenders, rather than accessing formal credit lines.

Wonga defined mashonisas as neighbourhood money lenders who were not registered with the National Credit Regulator (NCR) as required by the basic legislation (the National Credit Act [NCA] of 2005).