Fuliza Craze

[Nattydread]

Would you borrow for up to 300% interest?

Digital loans: the good, bad and horrifying

Over Ksh4 billion is loaned out every month to an estimated 6 million customers who borrow on average Ksh4,000. Defaulters reveal how they are able to stay ahead of lenders notorious for cyber-shaming.

www.money254.co.ke

 

[Okiya]

A poorly managed economy.

They didn't listen to the experts me being one of them that the interest rate caps was a bad move.

 

[Kasaman]

A poorly managed economy.

They didn't listen to the experts me being one of them that the interest rate caps was a bad move.

Is there future for CRB ?

 

[DeepInYourMind]

A poorly managed economy.

They didn't listen to the experts me being one of them that the interest rate caps was a bad move.

You know in kenya people look to the govt as the be all end all of solutions for problems facing wananchi. The sooner people realize that the free markets are most efficient and effective and govt is the opposite, slow, inefficient and effective, as this situation revealed, we'll start advocating for a limited govt and an empowered free market

 

[Okiya]

Is there future for CRB ?

CRB should be disbanded. Doesn't serve the intended purpose

 

[Ngimanene na Muchere]

CRB should be disbanded. Doesn't serve the intended purpose

And everyone listed rubbed from the books

 

[Gio]

And everyone listed rubbed from the books

Kwani uko Kwa list yao?

 

[Mututho Wa KK]

If your fuliza limit is 0.?and you have used your line for more than six months.????

 

[Luther12]

A poorly managed economy.

They didn't listen to the experts me being one of them that the interest rate caps was a bad move.

To my untrained eye, interest rate caps aren't as big a problem as Treasury's unbridled appetite for domestic borrowing that crowds out the private sector.

 

[Ngimanene na Muchere]

Kwani uko Kwa list yao?

Mwanaume ni madeni, you lend money to the benk for them to do business with in form of deposits, kila mtu akae na deni ya mwingine. And did you know the most indebted company apart from benks huko America ni AT&T? Must be good to know you have so much debt you cannot fail and will never repay. Apart from GoK which is the most indebted entity in Kenya?