We Have Disbursed Over ₦117 Billion Loans Since Inception

We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney (19677 Views)

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Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by eeetuk(m): 6:59am On Jan 12, 2022*

"The management further stated that, based on the strategy, over the past 4 years of operation, FairMoney MFB is said to have grown its customer base to over 5 million users, and 2 million bank accounts through relentless positioning as the “New Bank for the masses”.

Buyer beware!

Predatory lending is both abusive and deceptive loans. I will never recommend it to anybody because the service is meant to bankrupt families and turn the loan company into billionaire. The reason this company has made its way into Nigeria is because Nigeria has no government. In the US, this type of company has been banned . This type of company imposes a very high interest rate to their customers ----- making it impossible for families to get out of debt in life.
It was the main reason that caused the 2008 market crash----- leading to the loss of over 10 million jobs a month in the US.

Ban it now in Nigeria !

2 Likes

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by dollytino4real(f): 7:01am On Jan 12, 2022

Ihatebuhariwith:
them go use am collect over 70k within 2weeks. Are you ready for that sis?

no but pls I need help just 50k for dis new year business

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Ihatebuhariwith(m): 7:03am On Jan 12, 2022

dollytino4real:
no but pls I need help just 50k for dis new year business

ok sis God go provide then.

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by dollytino4real(f): 7:04am On Jan 12, 2022

Ihatebuhariwith:
ok sis God go provide then.

yes o I know

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by sixtus3606(m): 7:13am On Jan 12, 2022

If you are in Lagos, I can borrow you. But with collateral.

dollytino4real:
I 've tried to download d app but no way o, I need d loan too 50k

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by dollytino4real(f): 7:15am On Jan 12, 2022

sixtus3606:
If you are in Lagos, I can borrow you. But with collateral.

am in ph no collateral

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by faceland: 7:25am On Jan 12, 2022

Irupetepete:
They should Sha stop sending me messages to come and collect loan.. The messages are too much

I tried to register 2 years ago, they said my BVN had problem. Since then, they have been texting and emailing me. I had emailed them to stopped with no reply. It's like responding to a 419 email and joining their mailing list.

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by faceland: 7:28am On Jan 12, 2022

Lexusgs430:
And the amount lost to defaulters.......... Plenty loan defaulters dey nairaland..............

Except you don't want to ever use your bank account (BVN).

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by naija4life247: 7:33am On Jan 12, 2022

Irupetepete:
They should Sha stop sending me messages to come and collect loan.. The messages are too much

Justin curse their generations yet unborn with Ogun, Sango, Obatala, Aiyelala and Edu Odara, they will then stop. That’s what I did.

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by naija4life247: 7:36am On Jan 12, 2022

Buyer beware!

Predatory lending is both abusive and deceptive loans. I will never recommend it to anybody because the service is meant to bankrupt families and turn the loan company into billionaire. The reason this company has made its way into Nigeria is because Nigeria has no government. In the US, this type of company has been banned . This type of company imposes a very high interest rate to their customers ----- making it impossible for families to get out of debt in life.
It was the main reason that caused the 1988 market crash----- leading to the loss of over 10 million jobs a month in the US.

Ban it now in Nigeria !

Godwin Emefiele is too dull to understand that these finance companies are fraudsters

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by exalt2009: 7:36am On Jan 12, 2022

eleko1:
Una wey dey collect loan and give free interest get mind ooo and some ingrate THIEVES that'll collect loan and run to Nairaland to complain

you don't have brain.. mumu

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by MrUchenna1(m): 7:36am On Jan 12, 2022

we are interested to know how much profit you guys have made so far with the crazy interest rate

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by iLoveYouToo(m): 7:38am On Jan 12, 2022

FairMoney is going the Rolls Royce of money lending apps, Soko Loan is keke na pep. angry

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by lomprico(m): 7:39am On Jan 12, 2022

AJOBI77:
With crazy interest

32% real crazy

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Devil1Messenger: 7:39am On Jan 12, 2022

temiregiddy:
But you know Fair money has one of the best interest rates out there

I collected 80k and paid 114k under 3months. How is d interest of 34k fair

5 Likes 1 Share

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by bigcee(m): 7:44am On Jan 12, 2022

Everygoodthing:
It's this their linking of debit card that is giving me issues. Each time I try to link my verve card, it doesn't appear after all the many steps of inputing all the many numbers on the guard, then they debit me 50 naira, yet it won't link.... Is it that they don't accept verve cards?

Exactly. And the mumu people told me to try master or visa card. I had to delete the app after too many trials.

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by gozzlin: 7:45am On Jan 12, 2022

mmadu5:
Can you fuucck me .I will give you the loan baby

SMH. You be mumu o. You want to fvck a very dark and fat married nairaland lady? If you've seen her pics, like I have, you won't type this nonsense. You're alraedy masturbating cos you saw a pink 'f' beside her moniker. SMH

All this h0rny underage virgin boys coming to nairaland to type rubbish just cos they can't talk to a girl offline. SMH

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Fucklove(m): 7:45am On Jan 12, 2022

They have the worst interest ever, they are not really fair. Avoid them for your sanity angry

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by seborrhic: 7:45am On Jan 12, 2022

Jibsonified:
Not true at all. I borrowed 100K and paid back 124K within 2 months.

Are u sensible at all.
That's 12% per month na which comes to 72% in 6months and 144% per year!
Your own interest rate collaborated what the person u quoted said and u are here saying "that's not true".

2 Likes

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by eleko1: 7:45am On Jan 12, 2022

exalt2009:
my father don't have brain..my father's a mumu

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by mixta140: 7:46am On Jan 12, 2022

unitysheart:
Shun false story jare. So, 175000 loan with 91000 interest is fair to you abi.

175k loan to repay 266k in 5 months is over 50% profit. Isn't that crazy?

I meant the interest on those apps are too much annually shouldn't go past 25%...

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by nedekid: 7:49am On Jan 12, 2022

mixta140:
Just like fairmoney dont give everyone that applies so the government own na... some collected I sabi two people that collected over 1m for 4years ooo with very very low interest

My madam collected. But them no give me. grin

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Wiifesnatcher(m): 7:54am On Jan 12, 2022

mmadu5:
Can you fuucck me .I will give you the loan baby

hian hian

how can you say such?

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Babastrong(m): 7:57am On Jan 12, 2022

[quote author=dollytino4real post=109295373]really no wahala but not fork o[where'reyou??]

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Lexusgs430: 8:02am On Jan 12, 2022

faceland:
Except you don't want to ever use your bank account (BVN).

I don't patronise loan sharks ........... wink

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Annie001: 8:03am On Jan 12, 2022

mranova:
This is rubbish talk. FairMoney has the craziest and highest interest rates I have seen. Even normal banks no go charge you like them. Imagine taking a loan of 100k and paying an interest of 90k

Which kain lie be this huh

?
Make una fear God na

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by Annie001: 8:06am On Jan 12, 2022

Chochovini:
. Ok, pls tell us more. What is their interest rate for N100K for instance?
I take a stroll...

You can't collect 100k as first timer
You have to build your credit score from 5k or 10k
I started from 5k and now I am eligible for 1m
I don delete the app sha
God will never let me see wetin go make me borrow money this year.
To answer your question
The highest I collected was 50k to pay 66k in two months.
Branch has the best interest rate though

2 Likes

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by paskilo247(m): 8:07am On Jan 12, 2022

greychris:
I have been using this app for about 7months without stress. Well done FairMoney

Like seriously, how can I go about it

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by step16(m): 8:07am On Jan 12, 2022

With a crazy interest.....take a loan of 600k and you would pay 1.2m...

Run away from loan app please ...my piece of advice

1 Like

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by paskilo247(m): 8:08am On Jan 12, 2022

mmadu5:
Can you fuucck me .I will give you the loan baby

hahahaha.. bad g

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by badboyTee(m): 8:10am On Jan 12, 2022

Efe from fair money if you don't want to die this year stop disturbing my mail grin

2 Likes

Re: We Have Disbursed Over ₦117 Billion Loans Since Inception – Fairmoney by mmadu5(m): 8:12am On Jan 12, 2022

gozzlin:
SMH. You be mumu o. You want to fvck a very dark and fat married nairaland lady? If you've seen her pics, like I have, you won't type this nonsense. You're alraedy masturbating cos you saw a pink 'f' beside her moniker. SMH

All this h0rny underage virgin boys coming to nairaland to type rubbish just cos they can't talk to a girl offline. SMH

Are you body shaming her ? Which one is dark and fat .

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