Let me explain: I just paid off 10 million naira for a close relative. She borrowed 1 million from OPay to do a business and ended up spending the money on family. She had to borrow from Palmpay to pay off the loan, including interest; then she borrowed from Moniepoint to pay Palmpay, and kept borrowing from loan apps until she accumulated interest and could no longer pay.
Thatβs what borrowing does to you whether from apps or people, you will just keep borrowing and will never stop and achieve anything.
Selah!!
In all honesty, do everything you can not to be poor or trapped in debt you can't repay.
A lot of things become harder when money is constantly a problem.
Money isn't everything, but a major part of life depends on it.