Fred Sanga
Fred Sanga is a trader based in Kariakoo, Dar es Salaam, who has become a vocal advocate for informal lending practices in Tanzania. He argues that shylocks, or informal lenders, provide crucial financial services that the formal banking system fails to offer, particularly for small business owners who require immediate access to credit without the bureaucratic hurdles associated with traditional banks.
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Tanzania:
Fred Sanga, a trader in Kariakoo, discusses the clarity of terms provided by informal lenders.
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