While Kenyans are enjoying the numerous amount of apps and systems that have come up to assist in obtaining loans, some young minds have well plotted ideas that are duping huge amounts from unsuspecting victims.
The police have since arrested four young men who have defrauted unsuspecting Kenyans millions of shillings under the guise they would facilitate access to Uwezo Funds loans.
According to the Directorate of Criminal Investigations, the suspects created a website similar to that of Uwezo Fund, uwezofund.org, and have been using the name of First Lady Margaret Kenyatta to cheat their victims into sending Ksh 500 as an application fee for loan processing.
Those arrested are Collins Kiptanui, Joakim Kibet, Domnic Kimutai and Brian Kiplagat. They all hail from Nandi county but were nabbed in Roysambu, Nairobi. They would face stealing and electronic fraud charges.
On the website, the four claim to have delivered personal loans of up to Ksh 100,000 to over 600,000 people in Kenya with a range of payment options.
“The amount approved will be sent via MPESA within 30 minutes of application.This amount is based on your previous credit history as well as your usage of Mobile Money services like MPESA,” the site adds.
It even includes purported testimonials from Public Service and Youth Chief Administrative Secretary Rachel Shebesh and two alleged past beneficiaries to back up their scheme.
Do you know of a friend who as been conned this way?