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Ugandans urged to borrow responsibly to curb high loan defaulting rate

"I want to caution Ugandans against irresponsible borrowing. One must only borrow to support a business or to invest in a project that will offer returns not borrowing for consumption and merry," said Aijukwe.

Chief Executive Officer of Letshego Uganda Giles Germany Aijukwe (3rd left) hands over a cheque to one of the winners. (Courtesy Photo)
By: NewVision Reporter, Journalists @NewVision

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Players in the financial sector have cautioned Ugandans to desist from the temptation of reckless borrowing which they say continues to affect trust between the lenders

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Tags:
Financial sector
Ugandans
Reckless borrowing
Giles Germany Aijukwe
CEO of Letshego Uganda