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..
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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.
“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”
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.
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).
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....
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.