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Mr. Kinuthia Pius.

Oct 10 • 10 tweets • 4 min read

#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.”

“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

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

“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

“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

“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

“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

“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

“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

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More from @Belive_Kinuthia

Mr. Kinuthia Pius.

@Belive_Kinuthia

Oct 10

#ExploitativeShylocks.

Mr Frederek Bayan took a loan from MOGO against his logbook in 2020. He has been paying the loan for almost a year and a half now.

Last week one of MOGO staff,Mr Christopher Mala Joshua called him & advised he pay Kshs 277,000/ to clear the loan,

After requesting a balance statement,again it came to 279,112.

He cleared the amount via mpesa.
After payment was made, the branch manager assigned a staff member to dismantle the tracker from the car as proof that we had for sure cleared the loan.

When he visited the office again to check progress on his logbook , he was informed that he needed again to pay arrears amounting to 73k.

He was referred to one Mr Kevin who also reteriated that the logbook cannot be released if the amount is not paid.

Read 5 tweets

Mr. Kinuthia Pius.

@Belive_Kinuthia

Oct 8

These are the painful experiences of Kenyans under these ASSET FINANCING institutions, MOGO and PLATINUM CREDIT:

#SpeakToKinuthia

Read 8 tweets

Mr. Kinuthia Pius.

@Belive_Kinuthia

Jul 27, 2020

The proposed formula by the Commission on Revenue Allocation (CRA) for sharing of revenue among the 47 devolved units relies less on poverty levels in the sharing of Billions from the National Treasury.

The rationale here is that The national government will only raise share of allocations to the counties that increase their own internal revenue collection.

Currently counties share revenue based on five parameters, namely population (45 per cent), equal share (25 per cent), poverty (20 percent), land area (eight per cent) and fiscal responsibility (two per cent).

Read 9 tweets

Mr. Kinuthia Pius.

@Belive_Kinuthia

May 28, 2020

#ThinkAboutIt

My house is about to be locked on 30th may just because I was not able to raise money for my rent. I post it on FB seeking help, I get 2 likes and zero comments. So I send 100 messages to my contact list requesting for a loan of 15, 000...

Sadly only 10 people reply. 6 out of the 10 are claiming they can't help. The 4 who can help tell me "ningoje waende bank kesho." Kesho mmoja ako mteja, the other 3 never pick my calls. ..

So jioni imefika, my house door is locked. I have no where to sleep. I walk in the dark seeking options but sadly I meet thugs. Fast foward the next day am found dead.
1,500 people post on my wall how they knew me. How great I was....

Read 8 tweets

Mr. Kinuthia Pius.

@Belive_Kinuthia

Apr 18, 2020

FACTS about Mother Teresa.

Kindly note am not trying to besmirch her.

I am fully aware that she was canonized in 2016 and she is immensely loved by those who subscribe to the Roman Catholic Faith.

Mother Teresa's is fondly referred to as the St. Teresa of Calcutta,also called St.Mother Teresa whose original name s Agnes Gonxha Bojaxhiu.

She's the founder of the Order of the Missionaries of Charity,a Roman Catholic order of women dedicated to the poor and the destitute.

In 1946 she experienced her “call within a call,” which she considered divine inspiration to devote herself to caring for the sick and poor and then moved into the slums to live with the poor.

Read 15 tweets

Mr. Kinuthia Pius.

@Belive_Kinuthia

Dec 31, 2019

“We don’t even have a place to park them, wash them or the roads to use. It is unclear why there was a rush with the procurement but now they have been lying idle in South Africa because we have have no operational plan here at home,”

businessdailyafrica.com/economy/State-…