Mar 26, 2018
Please my name is Alaly Mary from Ghana and Im a new member who just joined this lovely family about a week ago. I requested for a loan of ghc500 to boost my chemical drugs store, I was happy when i saw a message telling me, my loan has been disbursed when i checked my balance, it was only ghc2 on it. How will I get the rest of the money to support me run my business, and by friday am expected to pay back my loan of gh56. Please i need explaination to it. Thank you.
Richmond Kojo Owusu
Kwashieman, Accra, Ghana
Mar 28, 2018
Hello Mary, I think you never read through the options or you didn't read well when you were choosing your credit limit or you do not understand it at all.
For a new member choosing an of GHS 500, 5 % will be for credit fee, 10% for risk . I believed you opted to pay some amount into the MLF which means in total only GHS 2.00 will be disbursed into your mobile money account, which they did. You are expected to pay back the amount of GHS 500 is you opted to.
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