i in 45 minutes on d w. ah, what people have to say to us, ah, that's why we listen to the stories reporter every weekend on d. w. hello and welcome to a brand new edition of the 77 percent. this is the show for africa youth and i'm your host michael duty with they say money makes the world go round. but what happens when you don't have any of it? yes, was coming up on today's show. on the streets of nairobi, we debate while many young people are drawn in debt. we meet our wonder

entrepreneur who is staring young students towards their right career path. and nigeria and team superstar little lisa house, a message for africa, girls can do a new thing. they want let's kick off today. sure. with an observation. i've seen many young people in garnish, cup tele crop, glued to the mobile phones, placing bets on football games. over the last decade. sports betting has become big business in africa. and us, we about to find out there. sticks can be very high. some people like dennis mom, guy have even hard to sell d i last cookin port to place bets. let's find out more bernardino, tom. there's no suit of money than that. oh, that's the sweetest and only sweet, especially when you receive the message you've worn local from. you feel like you're on to borne. but then organizing betty sunny the house at twiggs.

me and my let me call my cell for beating i had because i need to meet that like a job if a job and i do better not do without unless i get an option as much and got better option knowledge michelle's at at t v. i have even sort of my television cell phone, but the funny thing sorta was holding port girlfriend and it was the only one i had for getting a call my dad. i had to lie to him, but it was an issue i wanted to get. and just so i could get 200 shillings for beating what you know. it is life, the life for them gambling might get even one good phone. we didn't notice that target market has always been age between 18 and 2425. i don't dare and these

compresses are close to 80 percent of the governing market. and the reason why we've grown with population less than most of the countries, it's the internet and attrition live, and the mobile patricia needed get. another factor that has made the can market to grow very fast, even better. so there better be many more than he's able to make $1000.00 poorly them with plenty of 80 percent of the option of these countries unemployed. and then the majority. so you find that if we're unemployed and then you see a bit in ad ratcheting. but if i bet i'm going to make some money and become rich, go all cycle budd company come the government for not been bitten companies without giving us an alternative. bidding provides some sort of obama. you can win that money if you win, you will not need that was to ludlow. and if they bundled, more people would result crime because only want is money that and the government does not provide such opportunities for elastic or worried shape. or there's i the

biggest amount to have lost. i went 211-4000 shillings, been withdrew 7000 and left a balance of 6700 in my account. that is a lot of money before your hostile and i'm of such money. i will need to have done a lot, for instance, i spend 100 shillings a day for my meal only. so 100 times 30, that is $3000.00 with $6700.00 shillings that trans less to 2 months and some day. this is me, eating will fail. so losing these money, hard to the point i decided i was done with betting, but you know how it is used of what might then promote coffee and you look and again i, li, i cycle repeatedly on, on my game. ephito and betting is big enough in the company that want to invest in betting in africa. this is that aged him because granted countries opening up in terms of internet and the mobile penetration leads to they and all believe that better gets jobs july. what would better does kids force hope that you're going to win some money? and so you think because you're better, you're walking out watching,

you're actually allowing someone to steal money from your form knowingly. if better, companies can fast admitted to everyone. that veteran is handful, is dangerous in baking cubes. then you can talk about regulation now to make it safe for everyone. so us, we've just seen 20 years there to inter saelens. there can seem like nothing but really consistent. sports betting can be a major challenge, but that's why the only reason why people are getting into debt at us arctic and our laws for all sorts of reasons which eventually passed on and leads to crash and debt. so we asked you why some people would take out looms they know they can't afford to repay. and yes, what you've been seen, nelson k, helen says the interest rates on small business loans are crazy. however, does not generally the reason young people struggle to pay them back. the main reason is a poor business plan. and classic mind,

i'd be more law says the assistant is actually the problem that thinks we need to take out a loan for should be provided by governments. we have hot, bad lead us, thus teal up money and national wealth. so the seem like high interest rates on loans are a big problem across the continent. where on the streets of nairobi as that many young people are borrowing money simply to cover their daily spending and our very own edit, kimani engages in a very eye opening debate on why so many nairobi. ants are finding themselves in a lot of debt. ah, the 77 percent is back in a row b kanyes capital and it is here that as of april last year, we were told that 14000000 loan accounts had been blacklisted by what we call the credit reference bureau. these are the people who basically determine whether or

not to get credit, and for those people, they're at risk of either not getting financial services at all, or getting limited access to credit. so we're going to start with emanuel, who's really a representation of what most kenyans experius been caught up in the dead cycle. so emmanuel in 2019 before cove, if you had a job as a waiter and then 2020 happened covey, you lost your job. unfortunately, and i'm sorry, and then you decided life is too tough. i need to borrow money. so where did you go? i went to to bang, to borrow 2007000. and when you went to the bank, what did you say you wanted the money for? well, you honest that you wanted to use this money for rent? no, i just bought the money money to pay for some vacation. so use you like it to pay for so if i needed the money or that more. yeah, you were desperate sir. okay, i understand that eric, you are in a similar situation. right. tell me what was the constance's led you to borrow it? of course i needed to do my stuff. you shall establish, shall, routine,

break for us for lunch. things like credit for new. know? yeah. you of your girlfriend there you of. you have your girlfriend there. you are borrowing to take care of your girlfriend. no, you know, if you don't to perform, she lives over everything to make okay, well, that's interesting because what these 2 gentlemen are telling me is quite honestly surprising the statistics from the digital lender that the patient kennedy says that people borrow money primarily to invest in their businesses and then that you cation, but not necessarily for recurrent expenditure. people will not be harnessed with verizon for boring, basically in most of the loans that are consumer based loans. basically the good to the current expenditure and most times because of loans to not generate income and then default they're not paid. so basically, substituting after people who borrowed loans from you and basically put them in to explain that way, can you please don't run away? because i could hear you me and, and now being in the background. currently the interest rates on average and cannot

24 percent for any money, but 24 percent is the average or any money borrowed. and usually when you're going anything, the chance of that you're getting a 24 percent return on that investment, it's upset, doesn't matter what you invest in gold to try. it doesn't work in a 30 day period. yes. so how do you expect people in the country, the middle income, like the friends here to come up with that kind of capital, you want them to come up with that period of time. ok, so let's come to the ladies here because you're both entrepreneurs and also relying on credit from banks, from maybe some of these mobile apps that we're hearing, you know, for you to wear a bank. you have to deposit in a buck your cash flow statements in and out. mean the type of loan you get. so my 1st thought was something called lending ups. and then there's so many that i can start with, nor knows me. you know, none of my problems, i can start from that. would you credit the success of your business? right, to use the capital injection to credit? yes. when you're fresh from school, you're usually toil. please leave your money,

you know, save pocket money, but you don't see the essence of that until you're finished school. so you would literally start learning the ropes and you realize, oh, so they'd lending ups and i personally would say be worked for me because i was able to find my business. especially parenting expect so with the linden. okay, let me come to tony here for a 2nd because we're hearing that family and friends actually constitute the 2nd largest majority of where we get our credit form. this was astounding to me that before you go to a bank, you go 1st to a 3rd party who is until december unregulated and then you go to your family and friends, talk to me about that. yeah, over the last 10 years of digital lending apps have exploded in cannon more statistical crazy. is that the regulatory framework for it? we 7, yes, too late. and i also think that when over the last 7 and a half years when fintech ups showed up, it's when it moved from family and friends and then institutional exactly, chalmers and banks to fintech ups k b. s can be reset his success. only 17 percent of the people between the ages of 23

and 30 on a business that makes them any form of money. so when you have a 60 or 90 day credit system where you're getting your money for. okay, let's come back to eric because obviously eric, you are not boring from your friends. you are boring from these mobile lenders by talking about digital lenders and you go in there, you put in a couple of details. boom. they have all your information and you have your 2000 shillings. if you dont give them this money on time, what happens? okay, it takes to then send you a couple of messages on your phone. even i stopped using one of them. one of me now mobile numbers because of their da da da sending me messages. okay. emmanuel, have you had a single experience where people were, you know, calling calling you, threatening you with things what, what was your experience when it came to the collection of your debts, missouri friends that blended with their money to staff to handle them. so if they come in knows they picked television, so it was your friends were actually coming to your house. yeah. to take items that

were of significant value in order to repeat themselves now of them. and yet i want to come back to just for a 2nd, because i think basic economic theory states that a person who lends money must be prepared to not get back in. so should the lenders, the washington's of this world, assume some degree of risk. and therefore, the question of you have to pay your debt. is it really accurate the person that is lending your money? they're spending so that they can lend you money. so it doesn't make any sense that if they get into a contractual goodman to do that, you fulfill this and they fulfill their part of the obligation. come on just so let's not kid each other. we've just heard that people are using text messages, calling you employers to harass you, but by that's what you got into when you agreed to the terms of the engagement that you got into. if a contract no. the family. no, no, no, no, no, no, no, tony says, or norway only got a data protection act. every single individual from having their phone scraped in their details used for anything but without clients without consent. and even when

they ask you for consent, they still cannot use your data against you. the can use your data for creating credit score systems or anything like that. the can check all of these things, but no one should be allowed and no one can be allowed to come and use your information against you to call your mom. call your best friend, call your husband or your wife. it's illegal, flat out simple. let's come to the educator olive solutions. my 1st solution eve book, you know, these are quite a read on it. said am hiding for mission in books because africans are not read them. if books are not you thing, right? just go to google and decide every money. i'm going to do such 10 articles, about boring 10 articles about managing money. and then the final one, a point across is mindset. let's or not to. yes, i didn't have money i board. but can i also have the respect to at least be bought out? yeah. graham washington, very quickly. solutions. so i think from a very tender age, as, as, as parents and the people are growing up, we need to inculcate the cultural, financial management and ourselves. so that when, when it comes to boring musical,

you cannot. so i went from that. but when you're boring, you're boring for that. i to papa. yeah, you're boring. want to contribute to repeat bro, within your means. and also we need to learn to hopefully within our me. well, thank you so much. this has been such a wonderful and inciteful debate. i've learnt though much. it's felt a little bit like an economic class. i don't know how you felt, but if there's anything i've learned is that it's not that clear cut is destiny comic issue or social one. to be honest, i still don't know, but i know that i'm thankful that you're watching a santa santa thing so thus questing, relieving you with. is that an economic or a social issue? let us know what you think. and as always, you can watch a longer version of this street debate on our youtube channel. the best way to make sure that the young people don't get trapped in their bed cycle in the 1st place is to provide them with well paying jobs. but we all know that find in your dream job

isn't exactly a walk in the park. so let me introduce you to alan. can don't go that kigali bass until for now help assess students on the right career path after graduation. ah, why did i come back and i knew from the moment i realized there was a problem in our workforce here in one that i have. no, it's something that been me and my mind if i went out and i tried thinking that you know, when you're not fully invested in something, it's hard to kick it off and get it wrapped my name is and then kinda found and i've come that much we are working close the skills, go up to korea, guidance and current ultimate for students. i was born in

gunner, growing up in a different culture, pushes you to be more adventurous in the way because you learn the language and culture, you explore different things. ah, i do remember and i moved to one that surprisingly also feel like there's a culture shock for them me. ah, after i finished my high school, i good an opportunity to study abroad study in the us where i did my undergrad of the phrase in left for school. i knew i was going to come back what i was going to come back to do was and what time the phone to go. then when i got there, that's when i figured there's a problem. and i consulted. ready people have a perception of what america is, but i think when you get that you see reality,

you see both sides to the story which you don't get. i was in no way like really mind blown by that full man. but i was also shocked at how much need they also after i worked for yeah, in new york and then to jump right in. oh, so the problem does turn so can this much of lack of skills for young graduate. and also the mismatch between what can last want and what students have to or graduates have to offer our education system changes really fast in that quick change doesn't give a lot of students time to learn, just to feel confident in the skill sets that they have but the other part also comes from, you know, employment space and employers not really putting investment in value on preparing the next generation of workers who go out

we learn from, you know, industries, practitioners. we bring that and we do it in you know, students over time, people that requested the adel having functioning, career centers within education, to show that not waiting for people to graduate. and then we think about how to best present for the market. my adverse to anyone with abroad and they are thinking about coming back. if you hire it tells you to do it. do it the worst case manual you try something, it doesn't work. you people to do something else sick. maybe you don't have to jump right in or come to the water. so i hope can do a half as far due to go out there and never give up on london job you've always

dreamed about. but let me be honest with you. not everyone will find on his job. so have you can see that famine is the biggest source of employment in africa. and now with new technology, it means that it could just be your big brick. but don't take it for me. rebecca moore is a tech savvy farmer who west feels by her mobile phone that had to be done to find out more in agriculture is a big business in one area where they are plucking peppers or harvesting tomatoes. that's something for everyone's table and taste. but farming is also cool and becoming tech savvy. now, you can even manage acres of land using nothing. what's your mobile phone? and rebecca, i'm old, is the brains behind the operation. for awful adjust. colemander

and i shall put out for their basic needs for their home. but currently we have a class of people wanting to be part of the fun for me. one program. currently we have over 10000 subscribers. rebecca is actually a computer science graduate. she wanted to find a technological solution to form an inefficient, to see her mother and other farmers battle for many years. she originally founded way and more forms in 2016 to sell the post office waste problem. during cove it she witnessed many nigeria struggling to buy food. we found from your phone program was launched during the holiday week of the course. 19 funding was created this point and you to interest in the cultural and to also create empowerment for the masses. especially dudes and ensuring the end of a studio from the photo gallery from rebecca co found the african wealth initiative with other young professionals to create the program that allows everyone to

participate in forming and with the benefits i put in. because my morning walk from me, having a reliable team do something and i get benefit out of it, which was lovely. i try to find from your phone because it is that try me is it is a for me. i can, if i'm on my phone instead of going to from one piece and then i'm getting my income or need i need so been in the market for remote for, i mean is booming and rebecca is making sure that quality control is a top priority for instance, she and her team are keeping the use of pesticides to a minimum. we carry her soil analyses, what her analysis, restore the pavilions, pests iraq, any climate, and for diploma condition over please. that helps us understand the balance they exist in the environment already. so that help shows

a mirror on the kind of an organic process to follow. so water and reduce the attack whole pest on to increase productivity. and that's how you go farms to market. in the 21st century, rebecca and her team have made it easier than ever to become a farmer with a swipe of your finger instead of a fickle from it. but um, let's head down to legals these, these plenty of people make a living from youtube instagram or take talk. if you're right there t, you might struggle to wrap your head around this idea. so sit back and let 9 year old instagram sensation little lisa explain with pen everybody. i am. 8 angel or yet you're anywhere in lagos, nigeria, so they're on dallas off mute. we are jerry now yelled martin said lisa, it will be in the widely known as lisa

a. ringback change in the use of the songs that you re mix, i changing because i want it to be simpler for people to on this for kids my each to understand. i why do you think in evil? i think any will because i'm a correct. he will go, unzip awful to, to keep my language alive. how do people react? when did hear you sing in the pool? if we are like, wow, this is amazing. i knew that this girl from equal tribe and it done the 1st are stick, read in the woods. so i remember i did a cobra full finnow hi week by him. a guy diaz applicable good. the one the level of and i'm with them there. so was the look at it go. i love our confidence so much. she's really smart. i believe and i pre day

to get house only in future i go, child is normally beads in the kitchen. the kung. but the speeches, dean's leg, dancing, singing, being a lawyer acting and so on. so i say once again, i'm new to the go child. who few on the stand a did you were when i bring any answer. lisa has recreated several songs given them new lyrics. now we'll wait for the next challenge to see her as a scientist. oh, as an engine. yeah. to recreate. i'm positive judge world around her. from lagos, nigeria, i am ange out on unique way. i love you all. so all of you about that he's all day. i hope lisa hoss inspired you to give social media a try. and of course,

we are already on instagram, youtube on facebook. if you haven't liked our pages yet, what i waiting for a part of the sub in to 70 percent family. and we hope today's show has given you some tips on how you can set the fresh old debt and be your own boss. that's set for this week, but before i go, yes, a little surprise for you. this is little alyssa, but a cover of legit and sizes upper beats hits one elisa. my name is michael ot. thanks for watching i

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