“During my time at the micro-finance institutions I noticed that close to 65% of workers that banked with us would spend all of their money in the first five days of the month. And then they go on to access expensive microcredit [from loan apps], which left them struggling from a financial health perspective.”

https://techcrunch.com/2023/02/14/kenyas-fintech-power-set-to-scale-after-3m-seed-round/