8 reasons why you should NOT use Kolo
Let's explore the different reasons why you shouldn’t make use of your Kolo account or encourage your family and friends to do so.
Why borrowers repay more when they have something to lose
Loan repayment is often influenced by more than income or willingness to pay, it is also shaped by accountability. Borrowers are often more likely to repay when they have something meaningful to lose, and guarantors are one of the clearest examples of this dynamic. When a trusted friend, family member, or colleague stands behind a loan, repayment carries social, financial, and reputational consequences beyond the borrower alone. For lenders, guarantor-backed lending can strengthen repayment behavior while creating an added layer of confidence in credit decisions.
7 loan apps in South Africa with low interest
This guide looks closely at 7 loan apps in South Africa that stand out for how their products hold up in practice.