With Easy Finance, you can get a monthly payable loan for less than 3 hours! 1) The company is situated at Burundi St. Plot No. 112 Kinondoni DSM 2) Loans up to 50,000,000/= 3) Interest rate= 30% per month (30 days)= 360% for 12 months (year) 4) Chairman & CEO is Mr. Isaac Kasanga 5) Operations Manager is Mr. Charles Kaniki 6) Collateral can either be Motor vehicle (MV) or House 7) Before loan costs when collateral is MV: Application form= 50000/= MV inspection Tsh. 100,000/=, service charge=20000/= other charges 20000/=. Grand total=190000/= When collateral is a house, inspection/evaluation cost is 500,000/= 8) With your MV, if you borrow 1,000,000/= for a month, you will payback: 190,000/= (19%) + 300,000/= (30%) = (49)+1,000,000/= 1,490,000/= 9) With your house, if you borrow 1,000,000/= for a month, you will payback: 540,000/= (54%) + 300,000/= (30%) = (84%)+1,000,000/= 1,840,000/= 10) With your MV as colateral, and borrow 1,000,000/= for 12 months, you will payback: 190,000/= (19%)+3,600,000 (360%)=(379%)+1000,000/=3790000! 11) With your house as colateral, and borrow 1,000,000/= for 12 months, you will payback: 540,000/= (54%)+3,600,000(360%)=(414%)+1000,000/=5140000! 12) The lender is the property evaluator and keeper! 13) Easy Finance sued for MV hijack! Read attachment below. Questions: a) Who are the borrowers, why and what business to repay-back? b) TRA has these information? c) BOT has these information? d) Is this the best way to bring better lives for Tanzanian? e) Does EPA money exists here? JF it's for you to digest! ============= Easy Finance in problems: Lawyer files civil case against bank over vehicle attachment The Guardin Aug. 7, 2008 | DAR ES SALAAM A Dar es Salaam-based lawyer has filed a civil case against Easy Finance Ltd praying for compensation of more than 18m/- for attaching her car allegedly in a matter involving her son`s business transactions with the company for which she is not a party, reports Correspondent Rosemary Mirondo The case was filed at the Kinondoni District Court before Resident Magistrate Nyiguliya Mwaseba. The lawyer is Rosalia Makalle while the defendants are Easy Finance Ltd and Charles Kaniki, the company's operations manager. Rosalia claimed in court that she was the owner of a Mercedes Benz with registration number T726 ABH which she purchased from Muhangi Mutahaba. Rosalia claimed that on February 14, this year, she instructed her son, Augustino Makalle, to go on some errands for her within Dar es Salaam, and in order to facilitate smooth performance of the services she gave the car to her son. She claimed in court that during the course of performing his duties, Augustino passed at Easy Finance offices for the purpose of concluding his business transactions with them concerning confirmation of delivery of 100 pieces of diaries for the year 2008, which were ordered by them. Rosalia claimed that while Augustino was in the offices of the defendant, without any legal right, Charles (second defendant), who claimed to be working under Easy Finance instructions, grabbed forcefully the vechile's ignition keys from Augustino on allegations that he had not honoured the terms of the business contract between them, to which she was not a party. She told the court that from February 14, this year, the defendants had been holding her vehicle, which is not Augustino`s property, thus causing her undue inconvenience. She told the court that she is not connected in anyway to the business transactions between them and therefore the vechile which is not her son`s property cannot be held by the defendants and therefore has suffered a loss due to the inconvienence which has caused her to hire alternative transporat from Wakawaka Travels and Tours Ltd. She therefore prayed for an order to release the vechile in its original mechanical and physical form since they grabbed it from Augustino. She also asked the court to be paid hiring costs of 50,000/- which she incurred per day from February 14, this year to the date of releasing the vehicle and general damages of 10m/-. The case was adjourned to August 13, this year.