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Official account for Consumer Grassroots Association. #ConsumersBeware: https://t.co/btZzD5DgIl. We Empower Consumers to Protect Themselves.
Nov 27, 2019 9 tweets 4 min read
Mobile money lending apps are a means to access credit easily and quickly but the consequences thereafter are so immense that it impacts on the economy. #ExploitiveMoneyLendingApps #ExploitiveMoneyLendingApps
1. They charge high interest rates than normal bank loans. These include those mobile apps owned by banks.