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FGL lending into the township market when everyone else got scared, that's the thesis. Micro-lending aint s…by @swordfish_sa on $FGL

SW
swordfish@swordfish_sa·Bearish

FGL lending into the township market when everyone else got scared, that's the thesis. Micro-lending aint sexy but its real money if you dont blow up on defaults, and these guys have been around long enough to know the game. At R0.99 you're basically pricing in armageddon, catch the express train when the rand steadies and credit demand picks up again.

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