RBM pressed on hidden loan costs
The Reserve Bank of Malawi (RBM) is being pressed to ensure borrowers are shown the full cost of microfinance loans before signing up, amid concerns that interest rates alone may not tell the whole story.Development Economics student Tonex Mkwezalamba wants the central bank to review how microfinance institutions disclose interest, insurance, collection fees, Credit Reference...Loans·Microfinance institutions
