Answer
Basically the pawnbrokers offered secured loans to individuals against personal property.
Explanation
Pawnbrokers are people being an individual or a business or an organisation who offers money as loans to people which is secured with an item or personal property is used as a collateral. whenever you pawn a property or an item it means that you are you are using it as a collatel. And the pawnbroker will agree to give you cash and hold your item until the time you will pay back as per the agreement.
Explanation:
In Africa, failure to address housing issues has led to the continued growth of slums and poorly serviced informal settlements on the urban periphery, where between 75% and 99% of urban residents in many African cities live in squalid slums of ramshackle housing.
Like many other countries in the world, South Africa is in the throes of an unprecedented housing crisis. It faces a growing challenge in providing all citizens with access to suitable or adequate housing despite the Constitution stating that ‘everyone has the right to have access to adequate housing’ and that the ‘state must take reasonable legislative and other measures, within its available resources, to achieve the progressive realisation of this right.
According to Statistics, South Africa’s Household Survey 2017, 12.1% (1789 million households) of South Africa’s 14.75 million households lived in informal housing in 2011 with Gauteng having 20.4% households living in informal settlements, North West, 18.5% and the Western Cape, 15.1%. Limpopo has the smallest percentage with 4.5% and the Eastern Cape has 6.5%.
