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KCB Mpesa account loans starting from 24%pa
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Bigchick
#51 Posted : Wednesday, October 28, 2015 2:26:16 PM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
muganda wrote:
Ash Ock wrote:
FRM2011 wrote:
Seems like we have too many arm-chair analysts in wazua. If you think kcb mpesa rates are high, then how about shylocks? And am not talking about backstreet "cash against Tv" guys, am talking big timers.

Meridian acceptances, platinum credit, Asl credit, samchi credit. BTW the last two are owned by the biggest hardware in kenya (asl) and Safcom's biggest dealer, Samchi telcoms.

We need to step out of the air conditioned offices belonging to our employers and have lunch with the gikomba and kamukunji guys whose weekly turnover is more than your accumulated pension after 10 years of working. And for the guys to tell you their logbooks are with their shylocks.

Dr James Mwangi has been repeating it over and over again " the problem with credit in kenya is not cost but access".


How we legitimize massive scams such as Sasanet is absolutely crazy.
These guys should be in jail, instead of loaning wanainchi stolen money at ridiculous interest rates.

Salalaaa! I was none the wiser...

These documents connect Mike Chege with Smart Credit Ltd, and Smart Credit with Meridian Acceptances Ltd. We have certain pages of the Articles of Association, The Mpesa documents shown are currently operating at their locations but not as Sasanet but either Smart Credit Ltd or Meridian Acceptances ltd.




Gracious Lord.

Yaaani Mike Chege is still in town as Meridian acceptances.
We lost 300k as a group to that Sasanet thing.I know several guys who got strokes and some permenent depression out of his activities.

Thanks for the info.

Will report back.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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KiFagio
#52 Posted : Wednesday, October 28, 2015 4:19:47 PM
Rank: Member

Joined: 9/27/2011
Posts: 123
Location: Nairobi
target1360 wrote:
bird_man wrote:
sparkly wrote:
The last time I approached a bank to take a business loan, they had crazy conditions for collateral. Is it really this easy?

Of course not,those are just marketing stories.
Actually this KCB thing might be more expensive when you consider account-mpesa charges.

i dialled that 844~ thing and got a text that i can borrow upto sh 1000.
factoring in withdrawal charges from kcb to mpesa of approx sh 55 and sh 27 being mpesa withrawal charges plus sh 20 being interest for a month.
total payments =sh 102
102/1000*100%=10.2%
basically unless thet qualify you for bigger sums then this seems expensive to me.

There are no charges when withdrawing from kcb to mpesa. You are only charged when withdrawing from mpesa.
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