Story by EDWARD WANGILA KOLLA
Source - Daily Nation, Kenya
Publication Date: 5/31/2008
The rush for easy credit in the form of loans and credit cards from banks and micro-finance institutions is causing untold financial and emotional misery to many Kenyans.
Unlike in the past when getting a loan required lengthy procedures, when borrowers had to produce security in the form of land, vehicles and other assets, lately the only security required is a payslip.
Unlike in the past when getting a loan required lengthy procedures, when borrowers had to produce security in the form of land, vehicles and other assets, lately the only security required is a payslip.
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1 comment:
This is what happens when lenders turn to bad finance. Sorry for the guy who may have bought a foru wheel guzzler with a loan last year. How is the guy managing. This is one area you need to research on.
Mzuri day
Ivy
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