Interest caps drive informal sector to black market

[KenyanPlato]

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I have a buddy that is doing shylock loans and is making bank. He got an army of police enforcer and rogue judges. No defaults so far

https://kenyanwallstreet.com/tier-3-banks-bear-the-biggest-brunt-of-the-interest-rates-cap-regime-sib/

Mama mbogas and other informal sector borrowers are his customers

He learnt his business working for microfinance and saccos

[RV Pundit]

No difference btw Shylocks and what those little banks were charging.

We don't need 3rd tier banks. 45 banks is a lot. South Africa has like 4-10 banks. Nigeria has 18.

Why do you need that many banks - merge them into 10 banks - BIG ENOUGH to take risks.

[KenyanPlato]

No difference btw Shylocks and what those little banks were charging.

We don't need 3rd tier banks. 45 banks is a lot. South Africa has like 4-10 banks. Nigeria has 18.

Why do you need that many banks - merge them into 10 banks - BIG ENOUGH to take risks.

. Number of banks is not the issue they are serving clients in free market economy. You are like moi. You think populism is Good  economic policy