STOP MFI | How Does "Alem Credit" Profit from Debtors?
STOP MFI | How Does "Alem Credit" Profit from Debtors?
How does the illegal lender "Alem Credit" profit from borrowers?
The platform charges a 5.86% daily penalty for overdue payments, while the National Bank of Kazakhstan sets the limit for penalties at no more than 0.3% per day.
This illegal platform exceeds the official threshold by almost 20 times.
