Lipa Later attempts to repossess these items but that also ends up being an exercise in futility as most of the clients provided false address information in the first place. The result has been that close to 50% of Lipa Later’s clients are bad customers who do not pay for items that they collect. The company relies on a client’s MPESA data which we all know can be misleading as people use Mpesa for their side hustles, chamas and many other things. The company does not collect customers bank statements and payslips like most banks and financial institutions do. One of the major failings of the company is the credit evaluation process.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |