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Author Topic: Fuliza loans 500B - Mshwari & KCB each nearly 100B  (Read 575 times)

Offline RV Pundit

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Fuliza loans 500B - Mshwari & KCB each nearly 100B
« 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

Offline RV Pundit

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Re: Fuliza loans 500B - Mshwari & KCB each nearly 100B
« Reply #1 on: May 13, 2022, 07:02:23 AM »
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