After the #ExploitativeShylocks expose,many victims expressed their willingness to be enjoined in any class legal suit.

90% of those victims complained about MOGO & PLATINUM.

The rest had serious issues with MWANANCHI & MOMENTUM.
Platinum Credit was not helpful at all in my facts finding mission. From the CEO's accounts, it was difficult not to agree with every complaints both employees and clients raised about Platinum Credit.
Eden Bridge were very helpful. The two complaints raised were verified and addressed professionally despite the clients having exaggerated their complaints.
Bees CAPITAL Ltd did return one logbook it had withheld illegally.

Letshogo and Decimal capital Ltd have never denied nor agreed to allow the complaints raised against them.
MOGO also cooperated.

They did allow me and my lawyer access files of few clients who had complaints.

I'm still investigating why and how people lose their bikes when about to clear their loans.

I have two cases I'm handling.

I will visit their yard coming week.
My CONCLUSION:

1. Kenyans need to be enlightened about these MICROFINANCE institutions which I WILL DO.

2. There are so many hidden exorbitant charges by some of these institutions.

3. Some of these institutions just want you to default even by one week they exploit you..

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Mr. Kinuthia Pius.

Mr. Kinuthia Pius. Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @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
Oct 10
#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
Read 10 tweets
Oct 8
These are the painful experiences of Kenyans under these ASSET FINANCING institutions, MOGO and PLATINUM CREDIT:

#SpeakToKinuthia Image
Image
Image
Read 8 tweets
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
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
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

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(