MMMoffice is number 5 according to alexa.com as it closes on yahoo.com
When MMM ranks better than all Nigerian banks
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 the most widely known social media facebook and 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.”