Mobile loans: tala, branch and the likes

Kimundu

Village Elder
#1
Hey anyone here ever taken Tala loan? What is your current loan limit? Have you ever considered how much it'll cost you and how long it'll take you to attain their 50k loan limit?
 

nobert

Village Elder
#6
In my line of duty I meet people struggling with these mobile loans from tala to branch etc. The desperation in this economy is taking a huge toll on people. Pesa onge kabisa.
 

Kimundu

Village Elder
#8
I did some math on their concept and realized by the time you qualify for 50k, you'll have borrowed 50 times(months) and spent over 200k on interest and mpesa charges.
 

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