Our Blog New Data Reveals Financial Inclusion Success
Discover how non-bank lenders in South Africa are leading the charge in financial inclusion, as revealed by new data from the ICCR Spring Plenary 2025.
The insights from this event highlight innovative approaches to credit reporting and accessibility.
Need clarification?
This section answers common questions about financial inclusion and credit access.
What is the role of non-bank lenders?
Non-bank lenders provide access to finance for nearly half of South Africa’s MSMEs.
Are non-bank lenders accessible?
48% of South African business owners access credit through non-bank financial service providers.
Do informal businesses have access to credit?
Many informal and microbusiness owners face barriers to accessing affordable and formal credit.
What challenges do non-bank lenders face?
They face limited data access, high operational costs, and unsustainable pricing pressures.
Why is pricing critical?
Unsustainable pricing risks driving ethical lenders out, pushing consumers to illegal lenders.
What is needed for regulation?
A national framework for NBFIs, proportional regulation, and fair, risk-based pricing models.
