This Sacco ,IT DOES NOT BUILD A BETTER LIFE to any Kenya.
Their motto is satirical.
How many of such Saccos will swindle Kenyans for the Government to wake up and act?
A probe ordered by the Commissioner of Co-operatives David Obonyo in April last year unearthed irregularities such as fictitious dividend payments, manipulation of financial books and irregular lending.
Nov 30, 2022 • 4 tweets • 1 min read
HUSTLER FUND FACTS:
1. Hustler fund has no committees, No paper work and needs zero connections to access. You only need your phone and a Registered sim card.
2. Hustler Fund will be clustered into 3 products:
a) Individual Borrowing (Ksh 500 - Ksh 50,000)
CBK said that before a charter is handed over for operation by the CBKto any microfinance, they usually assure the CBK that they will operate TRANSPARENLY.
1/
By "OPERATING TRANSPARENTLY" means:
1. Availing THE SIGNED AGREEMENT to the customer.
2. Availing PAYMENT STATEMENT to the customer on REQUEST.
3. Not selling repossessed assets at undervalue and with the knowledge of the customer.
There is this JUDGEMENT from small claims court where one of the #MicrofinanceInstitutions had SUED a customer claiming Ksh. 700k from the customer.
1/
The customer had taken a loan of 1.3M.
Repaid about 900K and defaulted for one month.
The Microfinance institution repossessed the car valued at 2.5M and sold it at 1.5M.
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.
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.
“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”
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.
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. ..
Apr 18, 2020 • 15 tweets • 3 min read
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.
Dec 31, 2019 • 6 tweets • 2 min read
“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,”
JOINING THE DOTS...MUSEVENI'S MOTIVE TO MAKE EAST AFRICAN STATES VASSAL STATES ,his involvement in DRC,Sudan,S.Sudan,Rwanda,Burundi and now the SCRIPTED WILLIAM RUTO LEADERSHIP INSTITUTE AT MAKERERE UNIVERSITY....
Read....
Since coming to power in 1986,Museveni's NRM and Uganda People's Defense Forces has played a strong role in the East Africa political landscape in a bid to exert immense political influence in the neighboring countries.
Sep 12, 2019 • 10 tweets • 2 min read
After a little-noticed robbery of Sh13.5 million at the Co-operative Bank’s branch in Makutano Junction,Meru County,7 years ago, two of the lender’s employees became the proverbial fall guys despite the fact that the missing loot was traced to an account owned by Mithika Linturi.
The robbery took place sometime between the night of November 2, 2012 and early the following day.
Aug 3, 2019 • 14 tweets • 3 min read
On July 29,members of the U.S. Senate voted 45 to 40 to block new sales of laser-guided bombs and aircraft maintenance services to Saudi Arabia—falling short of the two-thirds majority necessary to override a veto by the Trump administration blocking the ban from taking effect.
Despite deteriorating public support for Riyadh due to its implication in anexceptional number of civilian deaths in Yemen and the murder of one of its own citizens in the Turkish embassy, the flow of U.S. arms is set to continue.
May 11, 2019 • 7 tweets • 1 min read
Why Pio Gama Pinto was Assassinated...
THREAD.
First of all,Pio Gama Pinto and Jomo Kenyatta were great friends before independence.
Things took a wrong trajectory immediately after independence.
Apr 19, 2019 • 29 tweets • 5 min read
On April 12, 2019, the U.S. Central Intelligence Agency (CIA) released declassified cold war photos taken by its U-2 spy planes. While the photographs are remarkable, the story of the U-2 itself is even more remarkable.
During the cold war following WWII, the U.S. required imagery of the Soviet Union to determine Russian capabilities and intentions. Overflights by U.S. bombers that had been converted for reconnaissance were vulnerable to anti-aircraft artillery, missiles, and fighter jets.
Apr 10, 2019 • 8 tweets • 2 min read
DP Ruto sent a written message to Raila's office ,through Oscar Sudi immediately they were sworn in for a second term in November 2017. In that message,he asked Raila join him to fight "their common enemy" who is Uhuru coz "he was the one in charge of the government"
When the staff in Raila's capital hill office informed him about it,Raila told them to cut any contact with them immediately.