Why do people take loans from loved ones?

[View in browser](=.Hw0lyddN_Oc90aRERZ64pj5oAWMY09xnZJNa-uQbGMA) =.8_-CM4IFfF3emafyb8iN_OAUgk_BmwlKGGZF6nUFYrE Hey there, A survey data by [EFInA in 2020 on financial inclusion](=.DB2rDVkxHOzH6e-v25XwLcCa5jWxTI2xcrtsZm7ShRI)shows that[1 in 3 Nigerian](=.Mb7FHlVtjZXYMMygRzrrMlKcfsBZDniuvUlLr7Dztrk)adults are financially excluded – with no access to formal financial services such as payment, savings, and credit. This means that individuals and business owners who are financially underrepresented usually rely on family, friends, or coworkers for financial support and are bound by the principal amount. Financial institutions, banks, and fintech have developed different products and services to capture this market segment, yet gaps abound. Join us on Friday, April 14th at 5 PM (WAT) on Zikoko Twitter Space as we will be discussing the challenges, and inefficiencies associated with lending among family and friends. The event will feature experts and players in the fintech field who will shed light on how to navigate these challenges. [Register here](=.1A1nIo8Me1hwsUco2kzDnahSMpXpJX78tM6hX72uXMY) =._MaFu-dLP4cZHxwYUolOWCNlxYzrHUk5E_j7JYBW03A The Japan International Cooperation Agency (JICA) in partnership with TechCabal Insights has released the second edition of the Nigerian Tech Ecosystem report. The report contains insights that touch on all aspects of tech startups to deepen your understanding of specific sectors in the Nigerian tech ecosystem. It covers startups in sectors such as fintech, logistics, security, health and government sectors in the ecosystem. It also covers the gaps in the ecosystem, the distribution of tech hubs/incubators nationwide, and the economic impact of selected sectors in the country amongst other vital information. To learn more about the evolution of the ecosystem, Click[here](=.Mga2gYlEDEFvJ-3vHJb5Sa2OZOAgl9nEwTMT5HLHR9A)to download the report for free Sincerely, Eniola Sosan Event Assistant, TechCabal Insights TechCabal 18 Nnobi Streeet, Surulere, Lagos VA 22193 Nigeria You received this email because you signed up on our website or made a purchase from us. [Unsubscribe](=.vqGLwtW5xXGuAXroIrwDw72KTaqXRSwMNr4KvyeoYSo) [Sent by MailerLite](=.PJHFbZEhJntMoN3rzwT7XvKG8oW-DM0LkBQaugHBJv4)