To put it simply: the Facebook page is promising its followers immediate loans with attractive repayment options. But don’t be fooled – there is no loan to give.
One advertisement by ‘Bimass Loan’ states – “We’re offering loans from KSh3,500 to KSh50,000 (~US$23 to $333) with a monthly repayment of KSh1,300 (~$8). Only for serious candidates.”
A combination of photos have been used as the profile and cover pictures of the page, one of them being of famous Kenyan journalist Alex Chamwada. Chamwada is also the CEO and founder of a communication consultancy firm called Chams Media Limited, which offers services for TV content production.
These generous loan offers have been posted on various Facebook groups, in addition to their own timeline.
The ads can be found posted here, …
Contents
Frequently Asked Questions
Is the Bimass Loan legit?
No, the Bimass Loan isn’t legitimate. It’s a deceitful Facebook page that offers tempting loan offers with affordable repayment terms to lure in the unsuspecting. Simply put, there isn’t any loan to be had from this page.
What languages do the posts from the Bimass Loan Facebook page use?
The posts of the Bimass Loan page uses a mixture of English and Kiswahili. The ads entice potential victims with unbelievable loan offers.
How are the fraudulent Bimass Loan page’s posts being spread?
The Bimass Loan page spreads its deceitful posts and offers across various Facebook groups, in addition to posting them on their own timeline.
Inspect the links [here](https://www.facebook.com/groups/207605692142762/?multi_permalinks=302880632615267&hoisted_section_header_type=recently_seen&__cft__[0]=AZVjOXxEHpxiv2vP_4pNdJc_HIACkbzx_DlPAGJ0D8kLfsSpvNIhFDycv_15jJ-iSF_UejqnuEuHLQTs7p0Fqw8xW8qBSPqcfwtIXWPfwD0GiLWg9C2C4AerPHDmaImuCPWPh82pt6pokyvk63eacUYH_lHFFaizN7Ylc4h5dzuwbWPduK2pX1wEFZuVhpUMbw8&__tn__=%2CO%2CP-R) and [here](https://www.facebook.com/groups/207605692142762/?multi_permalinks=303044049265592&hoisted_section_header_type=recently_seen&__cft__[0]=AZVbKRu5cV6jkZ565N0V8BIXBypJX9QhiWDjTKVYyQbprQaGIFYNOkgLaIkPrtsnTe7vwwUZVGc2T9A0B2HGwI-QwSskcwry7pfaJ1sd8gJAQpoH4cPMNu9mZmnTvWQ_Ww2qrB_a-hZfJqhgwG1QOAmcvGSBotN58IDxnKWJJvqJ1sIB7-UO8LcEQ462NBR4Kf8&__tn__=%2CO%2CP-R). Are the loan offers valid? We examined them.
## A trick involving a registration fee
Many warning signs emerged upon further inspection. For instance, the page tried to affiliate the supposed loan offers with Chamwada by using his profile picture. However, no offers were posted on Chamwada’s official Facebook page [Alex Chamwada OGW, MBS](https://www.facebook.com/chamwada.alex), boasting over 380,000 followers.
Such an observation signals that the page posting adverts might not be credible. If the offers were genuine, you’d find them on Chamwada’s official page, gaining more visibility.
Advertisements lack proper punctuation, don’t feature graphics, are not associated with any website, and mix English and Kiswahili casually. It’s unlike a professional financial organization or a well-known journalist.
The page encourages interested individuals to message on Facebook or WhatsApp to secure the loans. Our loan request was responded to with a registration fee prerequisite for each amount.
Scammers typically employ this tactic. They hawk an imaginary loan and seek “registration”, “unlocking”, or “activation” fees from those interested. The tricksters pocket the money without furnishing any loans.
It’s clear that the loan offers and the account are fraudulent; ignore them.
For additional protection against Facebook hoaxes, go through our safety guide.
## Frequently Asked Questions
### How can I determine if a loan offer on Facebook is legitimate?
Be watchful of red flags such as poor punctuation, inconsistent language use, and requests for upfront fees. Always check the legitimacy of the page making the offer.
### What should I do if I encounter a potential scam on Facebook?
Report it immediately to Facebook’s help center and discontinue any communication with the suspected scammer.
### How can I protect myself from Facebook scams?
Always verify the credibility of a page or individual before engaging. Be wary of requests for personal information or upfront payments. Read online safety guides for further details.
