MONEY TALKS: Trapped in vicious cycle of mobile loan apps - News Summed Up

MONEY TALKS: Trapped in vicious cycle of mobile loan apps


The first loan I was took with Tala was in the tail end November 2018, we’re now in February. These apps only need to know what I’m using this money for, what I used the last money I borrowed for and whether I have other loans outstanding. I borrowed money to keep the business moving, and my clients happy. Lately, I’ve found myself borrowing from one app to settle a loan from another app, then get more money to settle the other loan I took for this loan. Look, I don’t know how much I’ve borrowed in total, OK?


Source: Daily Nation March 07, 2019 08:26 UTC



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