will_wheat_on
Re:Companies flooding Kenya with apps offering high-interest loans
on Wednesday February 12, 2020 @10:33AM (#22309598)
Their interest rate is exploitative - 15% per month. So if you borrowed $100 at the beginning of the year, you'd need to repay $280 with $180 going to interest alone. This is their policy from their own website https://talasupport.zendesk.com/hc/en-us/articles/3600218533...
Re:Companies flooding Kenya with apps offering high-interest loans
on Wednesday February 12, 2020 @10:30AM (#22309558)
It's actually a lot worse than it sounds. There are no loan apps for iOS simply because iOS won't give you access to messages. These companies read your messages and at times call people you know to collect. https://nairobinews.nation.co.ke/news/loans-app-finds-a-chee...
The interest rates are so high that I don't think they bother with credit scoring.
Re:Without proof, is Huawei still a national security threat?
on Monday January 28, 2019 @08:18AM (#19017180)
Iran becomes a democracy, they resist the plunder of their natural resources by the UK. The US and UK overthrow their leader. The new leader is a murderous dictator which leads to the Islamic Revolution, there have been sanctions since.
South America is littered with American interference, as is the Middle East (which is unstable precisely because of American interference), parts of Africa (Mobutu was propped up by the US, as was Museveni, Moi, PW Botha etc).
The US has destabilized vast parts of the rest of the world then complains about the same people immigrating into the US. The conflict in Nicaragua are a direct is a direct result of CIA activities there, the US reaction to refugees fleeing from a war caused by the US into the US is to build a wall.
The rest of the world hasn't been stable - it's just that their current actions break the monopoly the US has had on causing instability in the world - for the rest of the world, it's good.
The US has just been as hungry for natural resources, it's financed regime changes in Iran, Iraq (in the 50s and in the 00s), the rest of the world views the US as a net aggressor and a cause of war and death in their parts of the world.
Re:Without proof, is Huawei still a national security threat?
on Sunday January 27, 2019 @11:20PM (#19015301)
You realise that’s how the rest of the world views the US? The US spies on the rest of the world; Cisco etc install back doors. The US was spying on Angela Merkel. For the emerging world, this is good, there’s finally a counterbalance to the NSA and US tech companies mass surveillance. The US isn’t the world’s largest economy anymore (PPP adjusted, soon to be in nominal terms as well.) so this idea that the rules of the game don’t apply to the US is past it’s sell by date. To someone with privilege, equality seems like oppression.
Re:African Outsourcing Startup, Andela raises $100M Series D
on Wednesday January 23, 2019 @09:19AM (#18978270)
What's the difference between Andela and any other outsourcing company?