Re: Big time for upcoming enterpreneurs - Victory Mobile Network!

By
VictoryMobileNetwork
Kwa wale wapenzi wa 'kukopy' na 'kupaste', all rights reserved (c) Victory Mobile Network, 2012. (R)- registered trademark.
1. Registration fee, Tsh.15,000/= (non-refundable)
2. Monthly deposits, Tsh.40,000/=
3. After 3 months you're eligible for a loan of Tsh.200,000/=
4. The loan is repaid in 5months at Tsh.46,000/= per month.
5. On top of the loan repayment, you continue to make monthly deposits of Tsh.40,000/= to boost your savings.
6. After completing repaying the first loan, you'll be eligible for another loan of Tsh.500,000/= to be repaid in 10months, at Tsh.60,000/= per month.
7. On top of the loan repayment, you continue to deposit Tsh.40,000/= each month to boost your savings.
8. The same sequence continues with loans of Tsh.1million up to Tsh.5million.
9. No surety or collateral needed.
10. At any time t, if you want to quit, all deposits in your account will be refunded without any deductions, save for the outstanding loan/debt due!

15,000 + (40,000 x 3) = 135,000
Loan 200,000
5 x 46,000 +(40,000 x 5) = 430,000
Loan 500,000
10 x 60,000 +(40,000 x 10) = 1,000,000
Total Loans = 700,000
Total Payments = 1,565,000
Interest Rate 123%
Wajinga ndo waliwao!!!
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