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Faulu Kenya: the next big thing
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Sufficiently Philanga....thropic
#11 Posted : Wednesday, July 03, 2013 10:29:42 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
It's now official,obiero divorces simbasmile
@SufficientlyP
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Rankaz13
#12 Posted : Thursday, July 04, 2013 9:03:02 AM
Rank: Elder

Joined: 5/21/2013
Posts: 2,841
Location: Here
Sufficiently Philanga....thropic wrote:
It's now official,obiero divorces simbasmile


Simba imelala sana, and they don't even know it. Labda waamushwe kwa maji baridi. How can they take over 7wks to approve a personal loan?Sad Sad
Life is like playing a violin solo in public and learning the instrument as one goes on.
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mwekez@ji
#13 Posted : Saturday, July 06, 2013 12:08:23 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
jerry wrote:
How does FAULU manage to give loans at 1%p.m. interest rate and at the same time give 12%p.a. interest on fixed deposits? Saw this on DN.


@jerry, they are making a kill out of the loans

Loans are at 12% p.a. flat rate; equivalent to 21.46% reducing balance rate for a 1 year loan

Fixed deposits are at 12% per annum simple interest rate

Simply, their profit margin out of the loan is 9.46% (21.46-12%)
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obiero
#14 Posted : Saturday, July 06, 2013 4:59:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,244
Location: nairobi
mwekez@ji wrote:
jerry wrote:
How does FAULU manage to give loans at 1%p.m. interest rate and at the same time give 12%p.a. interest on fixed deposits? Saw this on DN.


@jerry, they are making a kill out of the loans

Loans are at 12% p.a. flat rate; equivalent to 21.46% reducing balance rate for a 1 year loan

Fixed deposits are at 12% per annum simple interest rate

Simply, their profit margin out of the loan is 9.46% (21.46-12%)

Their advertising and marketing skills are enviable. Very inviting. Sooner or later, all civil servants will be with Faulu Kenya
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jerry
#15 Posted : Sunday, July 07, 2013 12:40:05 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Thanks @Mwekez@ji, @Obiero. It's now manifest.
The opposite of courage is not cowardice, it's conformity.
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jerry
#16 Posted : Sunday, July 07, 2013 12:58:29 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
jerry wrote:
Thanks @Mwekez@ji, @Obiero. It's now manifest.

How can I have a pie of FAULU?
The opposite of courage is not cowardice, it's conformity.
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obiero
#17 Posted : Sunday, July 07, 2013 10:42:52 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,244
Location: nairobi
jerry wrote:
jerry wrote:
Thanks @Mwekez@ji, @Obiero. It's now manifest.

How can I have a pie of FAULU?

Hi. I doubt whether one can buy in currently on individual basis. From my recollection Food for the Hungry is the second largest owner after Old Mutual with Bill Gates having an interest too through their foundation.
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obiero
#18 Posted : Sunday, July 07, 2013 1:02:40 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,244
Location: nairobi
Sufficiently Philanga....thropic wrote:
It's now official,obiero divorces simbasmile

sold the damn thing at KES 40.50 :) now only holding BoK, COOP, and KQ..
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Cde Monomotapa
#19 Posted : Sunday, July 07, 2013 6:59:57 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
smile
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Cde Monomotapa
#20 Posted : Sunday, July 07, 2013 7:13:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
You see, I don't work for Simba I own a part of it and that's a 200% return so far. I'm happy.
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