Why you should keep away from mobile loans.

They seem convenient but they are expensive.

Interest rate for borrowing Ksh 5,000 for 30 days

KCB-Mpesa 7.5%

EQUITY EASY 7.1%

MSHWARI 7.5%

MCoopcash 10.36%

STAWI 14.5%

TALA 15%

FULIZA: 18%

Source: CalculatorKenya.

Dear Kenyans, which investment can give you 18% in 30 days?

But that's what you pay Safaricom if you borrow from FULIZA and pay after 30days. 😩😩😩

Count the cost