Loans are a fundamental component of the financial ecosystem, providing individuals and businesses with the necessary funds to meet their immediate needs or invest in growth opportunities. However, these financial instruments can also have significant implications for delinquent borrowers. Delinquency refers to the failure to meet loan repayment obligations within the specified period. Delinquent borrowers…
Tag: Loan
Breaking the Glass Ceiling: Women and Loan Approval
Despite significant strides in gender equality, disparities persist in various areas of life. One such area is the financial sector where women often face challenges when seeking loan approvals. The metaphorical ‘glass ceiling’ that has traditionally limited women’s career advancement also seems to extend to their access to credit facilities. Women have been historically underrepresented…