General

Bane Of Equity: A Loan, System Glitch and CRB

CAPTION: Equity Bank Group MD and CEO James Mwangi at a past event

Isn’t a bank supposed to have systems that are foolproof.

However, if a bank is run like a Chama in the village. The below is what happens.

Hi Nyakundi,

I took a loan in 2015 with Equity worth Kshs. 120,000, since my salary was through Equity Bank they used to make the monthly deductions.

I paid the loan for six months and was later called and congratulated for having completed payments of the loan. In 2019, I applied for a loan in Cooperative Bank of Kenya and shockingly I was denied the loan since my name was forwarded to CRB by Equity bank.

I got mad

MORE

Type the hashtag #FraudulentKenyanBanks on google or search area of this blog and read.

About the author

Karecha Kamaris

Karecha Kamaris is the space between earth and heaven, the gap between ice and fire, the elementary molecule that justifies unending peace in the sea of turmoil. An 'appetite for adventure over the love of ease'.

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