Hundreds of traders from various markets in Lusaka have allegedly been swindled in booster loans scam.
One of the affected, 52-year-old Alice Nkhata, a widow, has lamented the loss of capital after she was allegedly swindled out of K1, 200 by the Zambian Excellence Entrepreneurs Hub Limited on pretext that she would be given a K20, 000 loan.
A helpless Ms. Nkhata narrates that she learnt about the firm through her colleagues at the market, but despite paying a security deposit to access the funds, the company has not honored the business agreement.
The marketeers have since reported management to the police for obtaining money by false pretenses.
Meanwhile, when the company was reached for a comment, representatives declined to comment on the allegations leveled against them.
By Rhodah Mvula