Platinum Credit sold the car of a borrower who had cleared his loan. It’s been ordered to pay him Shs 25 million
Platinum Credit Uganda, a prominent microfinance institution, has been ordered to compensate Fred Wafula, a borrower, Shs 25 million after it wrongfully impounded and sold his car, yet he had cleared his loan. The ruling by Justice Bernard Namanya overturned the earlier decision of the Chief Magistrate’s Court, which had dismissed Wafula’s case for supposedly…