NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Tapiwa Matthew Mutisi

Bfree, a Nigerian startup specializing in debt collection, was established with the aim of automating and instituting ethical processes for debt recovery. It was set up in response to the harmful consequences of aggressive debt collection techniques such as consistent phone calls and public shaming of debtors by unscrupulous digital lending companies.

Photo courtesy of BBC World Service.