« previous next »
Pages: [1]

Author Topic: Fuliza loans 500B - Mshwari & KCB each nearly 100B  (Read 654 times)

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 38329
  • Reputation: 1074446
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

  • Moderator
  • Enigma
  • *
  • Posts: 38329
  • Reputation: 1074446
Re: Fuliza loans 500B - Mshwari & KCB each nearly 100B
« Reply #1 on: May 13, 2022, 07:02:23 AM »
Pages: [1]
« previous next »