An increasing number of cash-strapped consumers have been forced to take out short term loans to make it through the festive season.
In Mdantsane, young and old were yesterday seen queuing outside one financial loan business, forming a long, snake-like pattern along the corridors.
Mncebisi Mapasa, 74, from Nxarhuni Location, said it was his first time applying for a loan and hoped to qualify.
“I have many problems and they all require money,” he said. “I am anxious to know how much I qualify for.”
For the full story get a copy of the Dispatch or subscribe to our e-Edition for the complete newspaper with jobs, classifieds, crosswords, TV schedules and back editions
Desperation drives many to seek loans
In Mdantsane, young and old were yesterday seen queuing outside one financial loan business, forming a long, snake-like pattern along the corridors.
Mncebisi Mapasa, 74, from Nxarhuni Location, said it was his first time applying for a loan and hoped to qualify.
“I have many problems and they all require money,” he said. “I am anxious to know how much I qualify for.”
For the full story get a copy of the Dispatch or subscribe to our e-Edition for the complete newspaper with jobs, classifieds, crosswords, TV schedules and back editions
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending Now
Latest Videos