Lutte Credit admits he deceived Kosovars with loans and interest he gave them in 15 minutes

Lotte Credit, a licensed microfinance body in Kosovo, has admitted to cheating on its clients, and for that, after being punished, she has returned the money to her clients.

To complete an application, it is necessary to fill in a simple questionnaire to our offices, or to our websites. You will receive an answer within 15 minutes”, it is the sentence that hits the website of lute Credit in Kosovo.

The commercial that you can take credit for 15 minutes a number of Kosovars had cost a fortune. lute Credits, a microfinancial institution licensed in Kosovo for Insider, has admitted to cheating on its clients.

This confirmation of them came only after Insider discovered that this company was punished by the Kosovo Central Bank (BQK), the institution that licensed this company.

After the completion of violations by the lute Credit, conform natural measures have been taken and the weight of violations”, the CEC's response is said.

Until BQK confirms the nature of the punishment against lute Credits, this is for Inseder itself.

After the measures taken by the CEC, beg Credit has returned the means to the citizens who have been damaged in this case and also improved the mode of the interest rate”, says the response of the Pray Credit Credits for Inseder.

Forte Credit is not the only microfinanced institution punished by the CEC, but the latter refuses to reveal the other names of companies to which he took measures, except to confirm there are others.

Apart from the Uite Credit, the CQ has taken administrative punishment measures against other institutions, as irregularities have been observed and misappropriations with the legal and regulatory framework in force”, the BQK's response to Inseder says.

Well-finance institutions, often known as “licensed researchers”, according to a recent BQC report, have interest that accounts for more than 21 %s.