This Norwegian company (Wakoloni kabisa) provide loans at very high interest rates. Failure to pay loan on time they charge exopitant intrest rates. My experience with them has been horible, I have to pay twice the amount I borrowed for a one week delay, tried to contact them via mail and phone to no avail. Na the Covid situation surely.
Avoid them at all cost if you can. They have two apps OKash and OPesa.
Just check out some of the reviews from playstore
Peasant problems .Default on those loans and block them .Hakuna kitu watafanya .
But why fret if you don’t have money don’t pay them? They can’t list you, don’t have your address and even if they did they can’t legally take anything from you since the loan was not secured. It’s currently a borrowers market. Enjoy it while Corona lasts.
Read about the duplum rule. You cannot pay more interest than the principal. So, if you borrow 5k, you can never pay more than 5k in interest. Therefore, if you are a peasant, defaulting is always the best option regardless of the accumulating interest. That interest is capped regardless of the terms you agreed to when taking the loan. Better still, stop using such applications ni za peasants.
Walikua wakoloni wakati ulikopa pesa kwao? They were very good then, right? Sasa umeshindwa kulipa deni ndiyo umejua ni wabaya. You sound like an African politician.
:D:D:D Okash ni wale hutangazia contact list yako ati umeshindwa kulipa deni? So jitayarishe for aibu kidogo tu, na hiyo pia itaeleweka juu tuko COVID-19 season. After that itakua vitisho za oh we’ll send auctioneers, sijui skiptrace but itakuwa tu hot air.
saccos best rates followed by banks .When you go for mobile lenders its your choice those are their terms and conditions
Kataa kulipa hakuna mahali utapelekwa. Okash hawana jela. GoK iko na madeni na hawashtuki.
Mwambie hata kuna fuliza ya IMF imeingia leo ya 78Birrion na gova haitetemeki :D:D
The best way ya kujitoa kwa debt trap kama wewe ni peasant ni defaulting after which unaanza kulipa pole pole at your pace. Hakuna mahali watakupeleka. Else, utaishi kufanyia hao parasites kazi.
kula sumni weka sumni. usichukue loan. kama utachukua loan usilipe, wacha uingizwe crb wapate hasara na wewe upate financial discipline juu hakuna loan ingine utapewa
ingekuwa …Kimau…tungeCelrbrate…
wajaka safi kama pamba
The in duplum rule only applies to banks as regulated under the Banking Act. That’s why Saccos and loan sharks get away with charging even triple interest.