Home credit, or doorstep lending, has commonly operated underneath a female-to-female lending model. Not solely are women greater likely to use domestic credit, however they are also extra inclined to work for the enterprise as mortgage agents. However, this type of lending commonly has a good deal greater hobby fees than mainstream credit forms, and can additionally be seen as probably exploitative.
This article examines whether or not the coverage and regulatory framework governing home credit takes into account the female-oriented nature of the industry, and accordingly protects the rights and interests of women, the foremost users of this kind of credit. The findings underline the existence of a hole between coverage and the urgent need to empower female as financial consumers. Policy interventions, data collection, and lookup on the enterprise want to be reoriented to take gender into account and to help obtain the empowerment of women in monetary markets.
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