Businesswoman Evaline Awuor Osumba
Evans Habil | Nation Media Group

Digital lenders will milk you dry and get away with it, be vigilant

What you need to know:

  • A payment statement indicates she even paid as little as Sh47 in one of the instalments just to avoid non-payment fines. 
  • Each time she delayed paying an instalment for a few days, an auctioneer would be sent to her doorstep by Momentum Credit to take her car, she says.
  • Unfortunately, Ms Osumba didn’t quite understand the stringent terms attached to the loan.

At about 11am in August last year, a salesperson from digital lending firm Momentum Credit approached Evaline Osumba at her shop in Kisumu as she tended to clients. She runs a supplies shop in the lakeside city.

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