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#ExploitativeShylocks . These are stories from Kenyans in My DM.
THREAD:
“Hi Kinuthia, I took a loan of 250,000 from Platinum Credit in 2017. What is so sad is that they have been making 16,000 deductions from my salary till today.”
THREAD:
“Hi Kinuthia, I took a loan of 250,000 from Platinum Credit in 2017. What is so sad is that they have been making 16,000 deductions from my salary till today.”
“Hi Kinuthia, Baron Capital Limited sold a vehicle worth 750k over a loan of 60k despite repaying a total of 125k between April and September this year”
#ExploitativeShylocks
#ExploitativeShylocks
Hello Kinuthia,MOGO harasses Kenyans. It's daylight robbery. You take a loan using your car as collateral. You default even 2k, they come for your car shamelessly. Innocent Kenyans are suffering bro.
Your expose is working miracles. Thank you”
#ExploitativeShylocks
Your expose is working miracles. Thank you”
#ExploitativeShylocks
“Hello Pius, Momentum credit wamenitumia auctioneers because of last month arrears of 4900.
I have to pay auctioneers fee of 10k plus 13k for this month on top of that kuna storage fee ya 250 per day penye gari imeekwa ndo nichukue gari. I’m stressed”
#ExploitativeShylocks
I have to pay auctioneers fee of 10k plus 13k for this month on top of that kuna storage fee ya 250 per day penye gari imeekwa ndo nichukue gari. I’m stressed”
#ExploitativeShylocks
“Hello Kinuthia , I took a loan of 500k from MOGO last year April for 4yrs. The interest rate was 2.5% PM. I have paid over 500k & still I have a balance of over 500k. Normally at the end of the term interest will be over 800k.This uncontrolled institutions will leave many poor.”
“Hi Pius,I took a loan of 877,000 from MOGO in February 2022. I was supposed to be paying 50k every month but on the contrary it came to 65k every month..The saddest thing is that if dollar goes up then you also pay more.”
#ExploitativeShylocks
#ExploitativeShylocks
“Hi Kinuthua,Platinum Credit is the worst! Some staff forged my loan restructuring document. Then they showed up with some crazy interest. Took the court's intervention to have my car released but the storage charges were crazy. Those are Thieves.”
#ExploitativeShylocks
#ExploitativeShylocks
“Hello Mr Kinuthia.
My mom, a TSC employed teacher, took a KES 35,000 from Platinum Credit and she ended up paying KES 150,000.
Platinum Credit is a swamp of robbers.”
#ExploitativeShylocks
My mom, a TSC employed teacher, took a KES 35,000 from Platinum Credit and she ended up paying KES 150,000.
Platinum Credit is a swamp of robbers.”
#ExploitativeShylocks
“Hi Pius, I Took a loan of 400,000 from Premier Credit. I have paid 240,000 within 4 months. I wanted to clear the loan altogether and I was told to pay 460,000.”
#ExploitativeShylocks
#ExploitativeShylocks
“Hi Kinuthia ,I took a 330,000 loan from MOGO in October 2019.
I have paid back a total of 688,000 so far, an average of 20K per week.
Today they told me I still have a balance of 216,000. These micro finance institutions are just heartless”
#ExploitativeShylocks
I have paid back a total of 688,000 so far, an average of 20K per week.
Today they told me I still have a balance of 216,000. These micro finance institutions are just heartless”
#ExploitativeShylocks
“Hi Kinuthia, MOGO gave me a mortobike after paying 15k. I was paying 2140 weekly. After two months the mortobike was stolen and 20 minutes the tracker was disabled by MOGO. They have never explained to me why they disabled the tracker.”
#ExploitativeShylocks
#ExploitativeShylocks
“Hi Kinuthia, I took a loan of 500k from MOGO that I was to pay back in 5 years. After paying 568,000 for 20 months in installments, I requested for balance to clear the loan at once. The early repayment balance was still 564,577.”
#ExploitativeShylocks
#ExploitativeShylocks
#ExploitativeShylocks.
“Got this car at 800K. Paid a deposit of 300K to MOGO then they financed the 500K balance. So far I have paid 500K instalments. I defaulted 2 months attracting a 87K fine which I must pay to avoid the car being sold and another 900K to get my car.”
“Got this car at 800K. Paid a deposit of 300K to MOGO then they financed the 500K balance. So far I have paid 500K instalments. I defaulted 2 months attracting a 87K fine which I must pay to avoid the car being sold and another 900K to get my car.”
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