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Corporate Fraud Fraud News

Fraud Alert! Uncontrolled Con Game At Mwananchi Credit Limited

Dennis Mombo, Managing Director Mwananchi Credit

Below are revelations of unparalleled greed, bad business practices and breakdown of morality.

Loan shark Mwananchi Credit Limited has only one intent; to fleece Kenyans to death.

Mwananchi operates outside sanity, outside the confines of the law; Operates outside the moral boundary of the lowest animal in the animal kingdom, operates with impunity aided by the country whose financial standards are in ruins; whose regulatory bodies lack professionalism and independence.

The Central Bank of Kenya ( CBK) Governor Patrick Njoroge only cares about applying make-up.

Hi Nyakundi,

Man, this mwananchi credit guys are pure cons; trust me, so many people are quiet and afraid to bring it on table simply because they fear to be known that they went bankrupt or something.

Mwananchi Credit charges Kshs. 26000 for a bounced cheque; and a 5% penalty after 5pm.

You will also be charged Kshs. 44000 for sending someone (a debt collector) to come and tell you to pay the following day; and Kshs.16000 for making a phone call to that person.

Now, imagine going to ask for a loan of Kshs. 200k and if you fail to pay in time in the first month, you’ll be fined upto Kshs. 125000.

Cyprian, Mwananchi credit is a place full of Conmen, they defraud the youths and I humbly ask you to help us. says

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