Post by geoffrey on Oct 15, 2016 7:52:00 GMT
My point was the "miraculous" improvement in 2015, and then in the next year Twino discovered things hadn't got better after all. It made a handy improvement to the bottom line for a while though, and well I am asking for an explanation and none is forthcoming.
Hmmm, yes, behind the squeaky clean exterior, you've got to wonder what a 40-50% rate of interest is doing to the lives of borrowers. They've got to be a bit desperate in the first place to take loans at this kind of rate, even if it's short term. And if they're desperate already, they're just getting themselves into even deeper water. I would like to see Twino move towards a more sustainable lending model, and wonder if they are doing anything to steer the ship in that direction.
