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Banking bondage. Creditworthiness of Kazakhstanis: solutions and experience of other countries | Special Project

We did not notice how we began to borrow from banks for almost everything. For a new phone, for a car and an apartment, for a wedding, for food, and even loans to cover other loans. And don't forget about payday loans, vacation loans, and loans again to close all these loans. As a result, today we owe trillions of tenge to banks. And this figure is not even growing every year, but from month to month.

Why it so happened that we voluntarily sink deeper and deeper into debts to banks, how it turns out not to bring citizens in European countries to debt, and what experts advise to pull Kazakhstanis out of debt, see this issue of the Special Project program.