Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
The investments are the first to be made by Oyass Capital, a 52 billion CFA franc ($89 million) SME-focused private equity fund sponsored by the Senegalese Sovereign Strategic Investment Fund (FONSIS).
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
