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Relief for Kenyan man who took KSh 400k from Mogo to buy car as court slashes oppressive interest
Summary by Tuko.co.ke - Kenya News.
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2 Articles
Court Reduces Mogo Debt Claim in Interest Dispute
A Small Claims Court in Thika has substantially reduced the amount recoverable by Mogo Auto Limited in a dispute over a vehicle financing loan, ruling that the lender’s interest charges exceeded reasonable limits. The decision leaves borrower Aziz Daniel Odoyo liable for Ksh100,631, a fraction of the Ksh677,381 that Mogo sought through court proceedings filed … The post Court Cuts Mogo’s Loan Claim After Finding Interest Charges Excessive appear…
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