How unlicensed online saccos prey on savers

Screenshot of Homepesa one the saccos who offer credit facilities online.

Kenyans are at risk of losing their hard-earned savings through online saccos and investment schemes that are not licensed.

These digital deposit-taking saccos and schemes sign up users online and begin to take in savings via mobile money platforms, with some promising handsome returns.

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Note: The results are not exact but very close to the actual.