“When borrowers see weak contract enforcement and feel that the system is stacked against them, the incentive to repay diminishes.”
But what if we’ve
You’ve felt it, haven’t you? A collective wince when the conversation turns to loans, debt, and credit scores. In Nigeria, it is a topic often shrouded in fear, shame, and the looming spectre of the "blacklist". We’ve been conditioned to see credit as a trapdoor; one wrong step and you fall into a pit of financial and social exclusion.
