Malawi: 9 in 10 Malawians Shut Out of Bank Loans Because They Work in 'Shadow Economy'

Malawi's Dr. Bertha Bangala Chikadza reported that 92.6% of the population works in the informal sector, making it hard to access bank loans. Small and Medium Enterprises (SMEs) face similar challenges due to lack of financial documentation. Chikadza calls for expanded credit guarantee schemes and smarter borrower assessments using transaction histories instead of traditional paperwork.