- A Nigerian man has shared his pain on social media after seeing the amount he was asked to pay back to a loan company
- According to the young man, he borrowed the sum of N500k from the company only for the money to go up to N1 million after a year
- Social media users who came across the emotional video on the TikTok app stormed the comments section to console him
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A Nigerian man’s lamentation over a loan repayment amount has caught the attention of social media users.
The young man, who had borrowed a huge sum to launch his business venture, was shattered when he discovered the increasing debt he was expected to settle.
Man who borrowed N500k from loan app 1 year ago cries out after seeing new amount to pay.
Photo credit: @kingcharmmy/TikTok.Source: TikTok
Man asked to repay N1 million to loan company
TikTok user @kingcharmmy shared an emotional video detailing his predicament, which quickly garnered attention and sympathy from online users.
In the video, he confessed that he had taken a loan of N500,000 from a prominent loan company to kick-start his business a year ago.
However, the amount had increased to N1 million, leaving him feeling overwhelmed and struggling to cope.
In his words:
“Life is so private. Nobody know say I borrow N500k from fairmoney start business a year ago and the business isn’t booming yet and my loan amount has gone up to N1 million and recently they’ve been threatening to kpai me after they post my picture last year. I really wan pay this people God.”
After 1 year, man who took N500k loan sees new amount to pay back.
Photo credit: @kingcharmmy/TikTok.Source: TikTok
Reactions as man laments over debt
The man’s plight touched TikTok users who flooded the comments section with words of encouragement and support.
Many expressed empathy, acknowledging the challenges of business and the weight of financial burdens.
@ZEE said:
“I hate loans cos it’s like the devil helping you.”
@That sweet gril_Loveth said:
“Dem dey kpai person wey borrow money?”
@Makeup artist in Enugu said:
“Abeg if you borrow 200k, how many % is their interest rates. How much I go pay back? Someone help ooo.”
@itzifunanyaosondu reacted:
“Money will definitely come and business will boom.”
@Ayhorr said:
“Same here I paid dem but my business isn’t functioning anymore.”
@CHOSEN ONE said:
“Chai and I almost borrowed was on the last step before I was distracted.”
@No1hairosusuvendor said:
“Make una help me beg okash mk dem stop dey call my mama.”
@Mummy Sam (Nov 18,19,22) said:
“The day fairmoney deducted 20k from my acc ehn I nearly cry naso the next day I con borrow money again them think say them wise.”
@damolaunusual commented:
“Why would you borrow money to start a business? First mistake.”
@Nelly Marie said:
“I really appreciated how you handled that situation. Your approach was very effective.”
@Mbaiseboy said:
“Make i send them your location.”
@linda said:
“Tiger credit posted my picture omo I wan die.”
@thelaunderygirl added:
“Na 10k I borrow ooo.”
@queen Amira commented:
“But we have known now.”
@linda said:
“Palm credit is after my life.”
@DoLah reacted:
“Fair money dnt add money now jxt there interest.”
@Queen jenzy said:
“Not palmay calling me while I’m watching this.”
@Ayhorr added:
“Same here I paid dem but my business isn’t functioning anymore.”
Watch the video here:
Man cries out after borrowing loan
Meanwhile, TheTalk.NG previously reported that a Nigerian man was in a dilemma after seeing how much the N80k loan he took two years ago had grown to.
The man redownloaded the loan app after two years and was shocked to find out that he owed N1.4 million.
Source: TheTalk.NG
