M-Shwari-is this kenyas official shylock?

Is Mshwari kenyas official shylock?what do they continue to dispensing this mobile based loan facility at 7.5% per month?is mobile banking not regulated by by CBK?CBA lets meet in court.

Guys help a K-Talker, I have tried numerous times to no success. How do you post on kenyatalk.com
Please members explain to me like a guy who is intellectually incapacitated

Nimeshangaa sana. How does interest on all other loans come down and not MShwari?

MSHWARI ni nini ?

OK the shareholders, hao ndo I am certain are using Bureaucracy to their advantage, hiyo rate haitawahi shuka, not soon anyway

Tunapeleka watu kortin,hata kama ni muthamaki.

the interest rate on m-shwari has a fixed rate of 7.5℅ and a fixed payment duration of 1 month, those claiming that it is 7.5℅ p.m do not understand the math

What is the difference?

:D:D:D:Dacha kwanza upewe kiti

the difference is a loan of 7.5℅ pm translates to a rate of 90℅ p.a, a flat rate of 7.5% to be repaid within 30 days translates to 7.5℅ p.a

Mshwari doesn’t charge any interest. They only charge a facilitation fee.

Ok. I am confused now

what do they charge?

Facilitation fee

Whatever the charge,name it whatever but is it not loans that they give?and on your deposits what do they pay?(facilitation fee?)we have a strong case here.

whatever is charged on a loan for a fixed period of time is interest!period.


Equally they should communicate that what they pay on your deposit is called a"thank you" fee or whatever.

Please join these other nv’s muonyeshwe kupost. [SIZE=1](Narok ni county holiday so admean is away).[/SIZE]

I believe so too, to be able to take deposits and give loans you have to have a banking licence, and that law that was passed addresses such businesses