NairobiWire.com
The Competition Authority of Kenya (CAK) has imposed sanctions on Mogo, a Latvian-based lending firm, following an investigation into multiple customer complaints filed between May 2023 and April 2024. The company has been ordered to pay approximately Sh11 million in refunds and adjustments to borrowers affected by its allegedly deceptive practices…
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Mogo Ordered To Pay Sh11 Million for Deceptive Loan Practices in Kenya
Nick Mwangi
02:33
The Competition Authority of Kenya (CAK) has imposed sanctions on Mogo, a Latvian-based lending firm, following an investigation into multiple customer complaints filed between May 2023 and April 2024. The company has been ordered to pay approximately Sh11 million in refunds and adjustments to borrowers affected by its allegedly deceptive practices…
