As we indicated in our previous post MYC4 sent out bulk SMSes/Text messages to go out to all individual MYC4/KEEF borrowers informing them of:
The SMS in question read:
“Dear(borrower name)Pursuant to termination of the Loan Administration Contract between MYC4 and KEEF, we MYC4 wish to advise you personally that KEEF is no longer administering your loan and that your loan and you are not supposed to make any further payments through KEEF. Any payments made to KEEF after receipt of this notice will not be credited to your Loan Account.
(borrower name)Your Loan of Ksh. …….., advanced through and guaranteed by KEEF, is more than 180 days late. We demand that you pay your outstanding debt within the next 14 days, to avoid legal action to collect. Pay through paybill number 835801 and indicate your name as the account Id, in case of any queries kindly contact us through our Tel No. 0706546010 or visit our offices at Kilimani Business Centre on Kirichwa Road for further information”