Man Recounts Ugly Ordeal In The Hands Of Chinese-Owned Quick Loan Companies In Nigeria

A young man has alleged that some fintech companies known for giving quick loans operate in an unprofessional manner. 

The companies, he said, were established to help Nigerians access loans easily considering the procedures involved in getting loans at commercial banks.

The young man, who spoke with SaharaReporters on Friday, stated that the companies promise to give quick loans but attach seemingly high interest rates.

He said despite the high-interest rate, the customers are hardly given time to pay back the loans and once the repayment period elapses, libellous messages are sent…