Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on May 13, 2022, 06:59:56 AM

Title: Fuliza loans 500B - Mshwari & KCB each nearly 100B
Post by: RV Pundit on May 13, 2022, 06:59:56 AM

Mpesa now needs to be a bank and regulated as such. The repayment rate is 100 percent - so no justification for high daily interest.

This is more than what banks loan in a year - I think total bank loans in kenya are somewhere 3 trillion of many years.

https://nation.africa/kenya/business/daily-borrowing-on-fuliza-surges-to-sh1-4bn-as-the-going-gets-tough-3813722

Title: Re: Fuliza loans 500B - Mshwari & KCB each nearly 100B
Post by: RV Pundit on May 13, 2022, 07:02:23 AM

Betting - another 169 Billion

https://nation.africa/kenya/business/kenyans-spend-sh169bn-on-gambling-via-m-pesa-3813534