Loan from family or friends in the past year (% age 15+)

This indicator reflects the share of individuals aged 15 and older who have relied on informal lending sources, specifically family or friends, for financial assistance in the previous year. It serves as a key measure of social capital and economic interdependence within communities, highlighting both the prevalence of borrowing from personal networks and the potential financial strain such arrangements may place on relationships. A higher percentage may indicate limited access to formal credit options and a greater reliance on informal support systems, suggesting underlying economic challenges. Conversely, lower rates might imply better access to financial services or a cultural preference for maintaining financial independence. Understanding these dynamics provides valuable insights into the social fabric and economic resilience of a population. Source: