‘Direct Lending’ Gives Access To Safe And Affordable Borrowing

KUALA LUMPUR, Sept 10 (Bernama) — According to the World Bank Report on Financial Inclusion in Malaysia (dated May 2017), only 25% of the adult population and 15% in the B40 group, has formal bank borrowing. Hardworking adults who are declined by formal banking channels have limited viable financing options, not to mention the well-publicised news of numerous loan scammers or unscrupulous money lenders that are readily to take advantage of their vulnerabilities.

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