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?
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
Same case here.. waiting for feedback from Mintos.0
Thank you Petra Christina Zaagman for the update.0
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