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Faulu Kenya: the next big thing
Rank: Elder Joined: 9/23/2010 Posts: 2,227 Location: Sundowner,Amboseli
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It's now official,obiero divorces simba  @SufficientlyP
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Sufficiently Philanga....thropic wrote:It's now official,obiero divorces simba 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?  Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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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 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Thanks @Mwekez@ji, @Obiero. It's now manifest. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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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. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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Sufficiently Philanga....thropic wrote:It's now official,obiero divorces simba sold the damn thing at KES 40.50 :) now only holding BoK, COOP, and KQ.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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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