From Nicodemus King’ola:
The story going around about mwananachi credit is very true. I remember I took a loan with them at Kitengela branch.
About 300K, I gave them my cheques sometimes they don’t deposit the cheques then they slap me with huge penalties. I ask one of there staffs there what is my current balance? You still have to pay interest and penalties that have accrued plus tracking.
Jesus is Lord!!
I requested them for a waiver, they advised me to write a letter to there director, when I stated following on the feedback, again they told me nothing can be done its your obligation to pay the loan.
Remember I gave them my cheques. I can tell they are after our cars and money that’s their main interest. If you go to sign the loan agreement, you are not given the copy, if you request to take a photo of the agreement, you are told our boss doesn’t allow that.
After paying over 600k I still have a balance of 200k.
They are investing in us.