gambling and fuliza nation

[wrongturn]

Betting through M-Pesa hits Sh83bn in half-year

The telco’s disclosures show that the value of the bets jumped 69 percent from Sh49.2 billion a year earlier.

www.businessdailyafrica.com

Kenyans spent Sh83.2 billion to place bets in the six months to September through Safaricom’s M-Pesa platform alone, underlining the gambling craze that has become a national pastime.

Kenyans sink deeper into household debt as tough times bite

Many ordinary Kenyans have resorted to borrowing for their daily needs due to the rising cost of living.

nation.africa

CBK data shows that of the 11.42 million bank account holders who accessed loans last year, 95.34 per cent used the money for personal expenses.

However, this data relates to bank lending alone, which does not fully capture the extent of borrowing by Kenyans.

The data leaves out the many loans advanced by shylocks, unregulated digital lenders and others.

Increased borrowing

Increased internet connectivity has seen an explosion of unregulated digital lenders that provide easy access to loans with extortionate interest rates, sometimes trapping borrowers in a vicious debt cycle.

Increased borrowing has also been fuelled by rapid population growth and an increase in the number of banks, branches, ATMs as well as adoption of mobile banking, which have increased the number of people applying for loans and eased to loan facilities.



reality on the ground, form ni, "nitumie kwa hii number ile ingine iko na shida ".

 

[wrongturn]

imports will be higher yet disposable income is still the same or non existent.

 

[Cabaye CAptain1]

View attachment 47442

imports will be higher yet disposable income is still the same or non existent.

@Denis Young is smiling all the way to the bank.

 

[Denis Young]

@Denis Young is smiling all the way to the bank.

I was only joking. Gari pia ni ya loan and I am struggling to pay. I might get auctioned soon.

 

[Jug]

I was only joking. Gari pia ni ya loan and I am struggling to pay. I might get auctioned soon.

Hehe KRA lazma tuhepe kwa kila mbinu...ama niwaite wakuje kuassess your 'soft life'

 

[Field Marshal]

Nikiwaambia pale shida iko you'll all go wild yelping and yelling like the primates you are.

So be the jury.

What do you call monkeys that borrow to bet? High IQ individuals? Educated, reasonable folks?

Please be the jury....

 

[Young_Turk]

Following in the footsteps of our esteemed gavamanet.

Borrowing and mismanaging those loans.

 

[Field Marshal]

Following in the footsteps of our esteemed gavamanet.

Borrowing and mismanaging those loans.

Do you remember when the Gavament tried to clamp down on betting they all said that it was a personal choice? Wacha wakule ujeuri wao...

 

[shocks]

Though story ya mobile lending is not all grim as reported. Nani hapa hajawai tumia fuliza? Paying bills and sending money is such a breeze hata sielewi why it took the mandarins at Mpesa so long to introduce it, zile story za wacha ni deposit nikuje haziko tena. In my case I make sure I repay before they start hiting me with the daily access fee, stress ya ku confirm balance b4 transacting ilinitoka

 

[QuadroK4000]

Though story ya mobile lending is not all grim as reported. Nani hapa hajawai tumia fuliza? Paying bills and sending money is such a breeze hata sielewi why it took the mandarins at Mpesa so long to introduce it, zile story za wacha ni deposit nikuje haziko tena. In my case I make sure I repay before they start hiting me with the daily access fee, stress ya ku confirm balance b4 transacting ilinitoka

I have never used fuuliza, I actually don't know how it works to be very honest and wouldn't like to use it.

 

[shocks]

I have never used fuuliza, I actually don't know how it works to be very honest and wouldn't like to use it.

Whenever you'd like to transact more than your balance message comes thru kama unataka wa adisie, say yes na transaction goes thru unabaki na deni. Most times unakuta hauna enough due to transaction fees

 

[The.Black.Templar]

Nikiwaambia pale shida iko you'll all go wild yelping and yelling like the primates you are.

So be the jury.

What do you call monkeys that borrow to bet? High IQ individuals? Educated, reasonable folks?

Please be the jury....

if you are the only one seeing fools around you, then you are the one with the problem

 

[Karma_mama]

As usual, we are sleep walking into another crisis. Gambling addiction is as harmful as alcohol or drug addiction.

 

[Giggz]

Though story ya mobile lending is not all grim as reported. Nani hapa hajawai tumia fuliza? Paying bills and sending money is such a breeze hata sielewi why it took the mandarins at Mpesa so long to introduce it, zile story za wacha ni deposit nikuje haziko tena. In my case I make sure I repay before they start hiting me with the daily access fee, stress ya ku confirm balance b4 transacting ilinitoka

Its convinient but the fees are inconvinient.

 

[Giggz]

I have never used fuuliza, I actually don't know how it works to be very honest and wouldn't like to use it.

Those mobile loans and advances are costs of poverty.

 

[Giggz]

As usual, we are sleep walking into another crisis. Gambling addiction is as harmful as alcohol or drug addiction.

Many youngins are dying from inside.

 

[Young_Turk]

Do you remember when the Gavament tried to clamp down on betting they all said that it was a personal choice? Wacha wakule ujeuri wao...

And they ran SportPesa out of town?

One of my relatives was employed by them.

Losing that job and seeing this headline made us realize the utter foolishness.

 

[Ubongo]

Ndindi Nyoro anauliza faida huenda wapi

 

[Karma_mama]

Ndindi Nyoro anauliza faida huenda wapiView attachment 47509

I couldn't agree with Ndindi more. They don't care if they ruin our children's lives so long as they get their next shilling. Aki Kenyans hate each other.

 

[QuadroK4000]

I couldn't agree with Ndindi more. They don't care if they ruin our children's lives so long as they get their next shilling. Aki Kenyans hate each other.

Niaje chemalel?