Angelica _ann wrote:Starter of thread with one post says alot.
The Mono notwithstanding, how good is the idea?
According to Point Number Six (6),
rink, they will, conceptually, take your money and pay you 7% per month for it after six months.
They will then led this money to other (members) at 15% per month for six months.
There will be no hidden charges, other than mpesa/paypal/airtel et al applicable charges.
"They" are a purely online "business" meaning their overheads are tiny compared to financial institutions/Coops.
15% interest on their loans per month is tiny compared to the loan sharks.
Is this concept feasible taking into consideration the current situation where banks are hoarding loans?