The savings club is run by a microfinance institution (MFI) that offers loans to members with a good savings history. To access a loan, the MFI requires you to sign up for its digital services. This, however, requires a lot of paperwork.
Should you join and sign up for the digital services?
You aren't sure about taking debts. The paperwork about the loan is confusing and there are a lot of requirements and fees that you don't really understand. You don't sign up for an account.
You think a loan could really help you to buy the bus. You imagine that your friends or children can help you to understand the loan terms and the repayment technology.
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