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Instant Loan 4rm Faulu Airtel money.. Is this a big move??
Alfylavie
#1 Posted : Monday, April 16, 2012 12:49:12 AM
Rank: Member


Joined: 9/24/2010
Posts: 136
Location: Nairobi
Faulu airtel money cash advance

Instant Loan frm Kshs100 to Kshs10,000
No Guarantors
No Paperwork
No need to have a Faulu bank account
...
Eligibility
Active Airtel money Account for the past six months.

Making money never gets boring
QW25091985
#2 Posted : Monday, April 16, 2012 6:55:18 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Lol. They still have your id number for airtel money if you are thinking of doing fraud.
jerry
#3 Posted : Monday, April 16, 2012 8:25:14 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Alfylavie wrote:
Faulu airtel money cash advance

Instant Loan frm Kshs100 to Kshs10,000
No Guarantors
No Paperwork
No need to have a Faulu bank account
...
Eligibility
Active Airtel money Account for the past six months.


Interest rate and repayment period?
The opposite of courage is not cowardice, it's conformity.
jerry
#4 Posted : Monday, April 16, 2012 8:29:21 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
QW25091985 wrote:
Lol. They still have your id number for airtel money if you are thinking of doing fraud.

I've always wondered why I cannot be trusted to repay a loan! Here's the answer.
The opposite of courage is not cowardice, it's conformity.
dwnthu
#5 Posted : Monday, April 16, 2012 10:31:29 AM
Rank: New-farer


Joined: 12/19/2011
Posts: 15
This is a huge move for both Faulu and Airtel. i hope Faulu finally gets to benefit, M Pesa was piloted at Faulu using Faulu clients and Safcom ditched them when it became successful.
Lolest!
#6 Posted : Monday, April 16, 2012 10:51:41 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
The interest rates at these MFIs are too high. The easier it is to get a loan, the more expensive it is.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Alfylavie
#7 Posted : Tuesday, April 17, 2012 6:15:14 PM
Rank: Member


Joined: 9/24/2010
Posts: 136
Location: Nairobi
jerry wrote:
Alfylavie wrote:
Faulu airtel money cash advance

Instant Loan frm Kshs100 to Kshs10,000
No Guarantors
No Paperwork
No need to have a Faulu bank account
...
Eligibility
Active Airtel money Account for the past six months.


Interest rate and repayment period?


More info
http://www.faulukenya.co...p;id=153&Itemid=140
Making money never gets boring
Impunity
#8 Posted : Wednesday, April 18, 2012 3:28:38 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
dwnthu wrote:
This is a huge move for both Faulu and Airtel. i hope Faulu finally gets to benefit, M Pesa was piloted at Faulu using Faulu clients and Safcom ditched them when it became successful.


Provide proof.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

nikimani
#9 Posted : Wednesday, April 18, 2012 1:15:51 PM
Rank: New-farer


Joined: 1/9/2012
Posts: 23
this will cause a stampede to airtel, am sure most guys will 'invest' faithfully in airtel for the first six months and 'reap' the returns afterwards. now what i would love to see is the exact time the cash advances will be requested, i can bet 10000 bob, 90% of it will be after midnight, somewhere in tom mboya, kenyatta avenue, westlands etc.
mozenrat
#10 Posted : Wednesday, April 18, 2012 6:10:29 PM
Rank: Veteran


Joined: 5/18/2008
Posts: 796
Impunity wrote:
dwnthu wrote:
This is a huge move for both Faulu and Airtel. i hope Faulu finally gets to benefit, M Pesa was piloted at Faulu using Faulu clients and Safcom ditched them when it became successful.


Provide proof.


This is common knowledge.. but if you need a link, here's 3..

http://www.mitpressjourn...1162/itgg.2007.2.1-2.63

http://en.wikipedia.org/wiki/M-Pesa
mozenrat
#11 Posted : Wednesday, April 18, 2012 6:12:07 PM
Rank: Veteran


Joined: 5/18/2008
Posts: 796
Those interest rates are not interesting.. maximum loan tenure is 10 days. if you annualize the rates for the charges for 10,000 loan (KES 850) it comes to over 300%
QW25091985
#12 Posted : Wednesday, April 18, 2012 6:54:13 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
mozenrat wrote:
Those interest rates are not interesting.. maximum loan tenure is 10 days. if you annualize the rates for the charges for 10,000 loan (KES 850) it comes to over 300%


they say when the deal is too sweet think twice in this case think one million times
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