Harriet's Car Financing and Logbook Loans Story
18.07.2024
Harriet Tangaya works as a sales representative in a golf pro shop. The challenges she faced before taking her first loan was, she just depended on her salary and then COVID-19 hit and jobs were closed. There was nothing people were depending on. If you were depending on your salary at that time, it was reduced.
There was an insurance that Harriet had, and it matured at that time. Instead of squandering that money, a friend of mine told her she can venture into the taxi business. So she went around different car yards trying to get them to finance her to get a car. This was difficult because they wanted so many things that she didn't have and so she thought she had hit a dead end.
Harriet’s friend at work told her about Mogo, got our contacts and called to enquire about what she needs and followed all the procedures. Within a short time, everything was done. She took a second loan in January 2023 to open a business. “Mogo’s procedure wasn't hard because when I took the loan, they were ready to assist me. When I wanted a bigger car, Mogo assisted. I choose Mogo because Mogo has been willing to support me,” says Harriet. “They trusted me and gave me an opportunity to make my dream come true,” she added.
Harriet’s advice to anyone who is afraid of taking loans should know they are not bad. If someone is taking a loan for the “stomach,” or partying, that's where the problem is. But if you're taking a loan for investment, a loan for profit that you are going to invest, it is going to make you more money and earn you interest, then it's worth taking the loan. Think about it. Think about your investment. If it's for investment to earn money, yes. But if it's for investment to eat or to waste, then you shouldn't think about a loan. But otherwise, if you're thinking about a loan, don't be afraid. That would be my advice to anyone.