rdfs:comment
| - Wonga.com first started out as a Mongolian loans company entitled Monga Loans, founded by Baatarsaikhan Monga in the early 1910s. The company provided high-interest loans, ranging from $0 to $1,000,000,000,000,000,000, and if not paid back, the borrower would be tied to a tree and repeatedly rammed by a yak ridden by a Monga employee. Eventually this process grew out of fashion by 1912, with yaks being replaced by bailiffs.
|
abstract
| - Wonga.com first started out as a Mongolian loans company entitled Monga Loans, founded by Baatarsaikhan Monga in the early 1910s. The company provided high-interest loans, ranging from $0 to $1,000,000,000,000,000,000, and if not paid back, the borrower would be tied to a tree and repeatedly rammed by a yak ridden by a Monga employee. Eventually this process grew out of fashion by 1912, with yaks being replaced by bailiffs. In 1920 Baatarsaikhan Monga used his money to illegally immigrate to London, England, and set up a new loan shark company, Wonga Loans, and changed his surname to Wonga. He met Wendy Smith, one of his borrowers, in 1922, with whom he married that year. In 1925 Wendy gave birth to Wonga's first son, Earl. She sadly died during childbirth due to failing to pay back her £150 Wonga loan the day before, and was beaten to death in her hospital bed by bailiffs as a result.
|