Of late, there has been a rise in complaints against small mobile money lenders and their debt collection tendencies.
These finance institutions have become famous among Kenyans because unlike banks and saccos, they do not take time to do their due diligence on clients and instead offer instant loans.
Since most are unregulated, when clients fail to pay up, they have no legal authority to take drastic measures such as listing them with Credit Reference Bureaus.
They therefore have to turn to draconian tactics to get their money back.
The most popular complaint against them has been calling and texting people on a loan defaulters phonebook, and asking them to pay the loan on their behalf, under the guise that the person listed them as their loan guarantor.
The most audacious one so far is a case where a defaulters phone was taken ‘hostage’ remotely and frozen, until she paid up her debt.
If you want to avoid these annoying incidents, it is, of course, better to just pay what you owe on time, like a mature person.
Also, avoid granting apps permissions to your your phone, as this is how rogue operators access and tamper with your privacy.
Here are the stories making headlines on Opera News today
Uhuru fresh headache as MPs push to amend BBI Bill
President Uhuru Kenyatta is facing a headache over the push to amend the Constitution with his legacy promises at stake if the Building Bridges Initiative report is opened for amendments.
This development comes as the parliamentary joint Committee on Justice and Legal Affairs clashed with MPs over a move to seek more time with at least four sticking issues at the heart of the standoff.
The committee co-chaired by Nyamira Senator Okong’o Mogeni and Kangema MP Muturi Kigano is grappling with whether all the issues in the Constitution of Kenya (Amendment) Bill, 2020 should go into a referendum.
Push for leniency in marking of KCPE, KCSE exams
Kenyans will be waiting for the results of this year’s KCPE and KCSE exams with bated breath given the fallout of Covid-19 on education.
Concerned that there could be overall dismal performance, some sector players are calling for leniency in the marking process.
KCPE candidates finished writing their papers on Wednesday, making room for KCSE candidates to sit their exam, which began on Friday and will end on April 16.
Duale Joins Forces With ODM MPs to Attack Tangatanga MP Over BBI
With the looming 2022 General elections and the anticipated BBI referendum, it’s getting evident and clear that political leaders have once again started to align themselves politically set, as a way of gaining political mileage.
This can be characterized by the recent explosion of new political alliances alongside the increased political betrayals and secret Meetings.
Going back to what makes our headline, Aden Duale the current Member of Parliament in Garissa Township, who’s also perceived as DP William Ruto’s close ally has for the first time caused speculations on his current and political stand.
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