Category: Loans

Mashonisa lenders in South Africa operate outside formal financial regulations largely because they are unregistered and not governed by the National Credit Act (NCA), which regulates formal credit providers. EstablishedRead More

The interest rates on mashonisa loans are often significantly higher than those offered by formal financial institutions, commonly reaching 30–50% per month. This elevated rate is a consequence of severalRead More

Hey there. Mashonisa, better known as loan-shark, is indeed a risky place when in financial need, Let’s dive in. Taking a loan from a mashonisa (an informal lender in SouthRead More

Mashonisa loans operate in a gray area of legality in South Africa. While lending itself is not illegal, these informal lenders are usually unregistered and unregulated, which means their operationsRead More

Hey there, you probably have noticed that even though a lot of South Africans have loan debts, a high number of those debts are to Mashonisas. And, a lot ofRead More

Hey there, if you live in Mzansi, you definitely have heard the term “Mashonisa” before. You may or may not understand exactly what Mashonisa/Mashonisa loan is. So, this is eitherRead More