Good for tentatively beating the escalating interest rates on the lucrative mobile money lending platform especially for bulk purchasers.
However, it's a wooing bait with guaranteed effects against the relative market share in the commercial lender's pool. The bait is in the "for how long" and the terms and conditions .
With such a clandestine marketing strategy that may cause turbulence in the money and capital market. We will expect legal court moves to push Safcom to register and operate a bank or Cooperative to be regulated by CBK to have an equitable operating ground in the money market.
Like a pyramid scheme or crypto currency.... It's the first people to take the credit that benefit the most. Safaricom know that Kenyans we got the adrenaline to rush for money. The Government needs to come very fast to regulate this societal marketing advances with unknown agendas to citizens.
Man's selfishness do not allow him to involve others in money making deals, whenever someone invites you to such fortunes then you are the source of the money. Relate this information please.
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