Hate it or love it, Mavrodi Mondial Movement, MMM, a mutual aid funding network of ordinary people helping each other in Nigeria is doing far better on the web than any certified financial institution in Nigeria.
Only gtbank.com
makes it to the top 25 most visited websites in Nigeria, making the
innovation driven bank the most visited licensed Nigerian bank.
The founder of MMM Sergey Mavrodi categorically
states that “MMM isn’t a bank and has no central bank account, neither central
office nor branch offices in Nigeria” but the popularity of MMM on the internet
continue to grow unexplained even by financial experts.
With the strict conditions of bank loans, Nigerians
have found temporary solace in MMM. Interestingly most Nigerian bankers, branch
managers do MMM, and they continue to recruit more people under them through
“affiliate.”
Why
the sporadic popularity of MMM-Nigeria?
To us at infobase the reason is glaring…
When you give something a bad press, you’re
indirectly promoting it and encourage people to want to know more about it.
In the latest alexa rank, only four giant companies
rank ahead of MMMoffice.com:
the lion of the web google.com is
number 1followed by its sub-domain, google.com.ng,and
its video channel youtube.com,
while yahoo.com is number 4.
Surprisingly, the most visited social website in
Nigeria facebook.com queues behind mmmoffice.com.
And
that is significant…
Nigerians are mostly interested in visiting website
that will add financial value to their lives than just being social at this
trying moment of recession for the ordinary Nigerian people.
Don’t forget that MMM says it’s about ordinary
people helping one another.
Sociable isn’t enough to reduce poverty!
At the time of putting this article together, no
other Nigerian banks aside gtbank.com
made it to the top 100 most visited websites.
On the average, visitor spends 24minutes, 26 seconds on
mmmoffice.com.
That shows that each mmmoffice visitor is more
interested in knowing more about its operation and the philosophy surrounding
its 30% interest.
Top 5 keywords that make people land on
mmmoffice.com include: mmmoffice, mmm login, mmm, mmm office, and mmmoffice.com
It’d be recalled that the banking regulator in
Nigeria warned Nigerians about the imminent collapse of MMM, whilst Nigeria’s
Lower Legislative body in Abuja charged the anti-graft agency EFCC to
investigate the operation of MMM, at a point called on security agents to
arrest promoters of the MMM.
But Nigerians are unperturbed. They keep laughing,
30% interest is beyond smile, to their banks courtesy of the money doubling
venture which is still a mystery and unexplainable to the heavyweights in
financial analysis in town.
They keep asking: Where is the 30% interest coming from?
At the moment, nobody is able to provide cogent
answer to this, but the person behind MMM explains…
“MMM is never shy to say the 30% is provided for
from the help provided by new participants, which and the cycle is strengthened
when older participants return to provide help and invite more people to join
MMM.
“It’s like asking “how do insurance companies payout
insurance claims for say written-off cars, burnt down houses, lost lives etc,
the answer is they depend on new clients signing up to join their insurance
scheme and pray all their cars and houses don’t get destroyed at the same time.
“Unfortunately, the fear of not understanding the
MMM ideology and model has made the media write unfounded stories about MMM,
thereby creating panic in the system and making every participant want to get
help at the same time.
“Imagine if every account holder of a particular
bank decides to withdraw their money on the same day, how likely is it that any
bank will survive this?
Anyway, MMM is not by force, it is optional and just
when many say “what if it doesn’t work, we say “what if it works”?
“Try with N1,000 and confirm for yourself if it
works. MMM warns that participants use spare money to provide help in MMM and
not sell their house or cars to join MMM, as MMM offers no guarantees.
Ask any MMM investor: Do you know the risk involved
in MMM?
“Yes,” I know would be his answer.
“I know it’ll crash one day just like any financial
institution, but I’m going to enjoy it before it does.”
For now Nigeria’s government or any of its security
agencies doesn’t have backing of the law to arrest any MMM promoters, until
that is put in place MMM will be synonymous to Nigeria and its promoters.
30% interest is hard to get anywhere, but MMM
equally warns “no guarantees.”
Source:infobase.com.ng
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