What's the problem with Watu credit?
As the title said. The majority of my Watu loans are late. Is there an issue with Watu Credit?
Same case here.. waiting for feedback from Mintos.0
I contacted Watu Uganda directly and received the following response from their chief financial officer:
"Thanks for the email.
About 50% of our loans are "current" - and about 50% are in some form of arrears, of which the significant majority are still making repayments towards (albeit they are slightly behind timing-wise or making payments slightly less than what is "due").
Watu Uganda does have a buy-back guarantee in place so the investor is protected against individual loan defaults.
The situation with Watu Uganda is healthy and there are no major problems.
I hope this helps clarify and provide some comfort. "2
Thank you Petra Christina Zaagman for the update.0
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