My take on lending is as aptly as you said it. There is a lot of cash within the informal savings group and anyone who is willing to take a chance will reap big. The discipline in the "chamas" towards contributions and repayment of credit is unmatched, and mainly so because these groups already have members/peers sharing a common interest/goal.
Your prediction on crypto and DEFI regulation particularly in Kenya make loads of sense. There currently exists thriving remittances conduit via crypto- alter coins trading and exchanges especially between Kenya and Nigeria. With that comes inherent exposures around money laundering and crime financing. So the sooner the respective central banks enact enabling controls the better because outside the exposure lies massive commercialization opportunities.
My take on lending is as aptly as you said it. There is a lot of cash within the informal savings group and anyone who is willing to take a chance will reap big. The discipline in the "chamas" towards contributions and repayment of credit is unmatched, and mainly so because these groups already have members/peers sharing a common interest/goal.
Your prediction on crypto and DEFI regulation particularly in Kenya make loads of sense. There currently exists thriving remittances conduit via crypto- alter coins trading and exchanges especially between Kenya and Nigeria. With that comes inherent exposures around money laundering and crime financing. So the sooner the respective central banks enact enabling controls the better because outside the exposure lies massive commercialization opportunities.