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KulaRaha		#11 Posted : Monday, July 29, 2013 6:19:26 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		mwekez@ji wrote: Lolest! wrote: 13pc for depositors and 12pc for customer loans??? Yes. And they are making lots of money out of this. 13pc is simple interest rate and 12pc is flat rate The internet is a dangerous place: who told you Faulu are making money? Go see the books, you will cry. Business opportunities are like buses,there's always another one coming
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Ngong		#12 Posted : Monday, July 29, 2013 7:08:08 PM
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest		KulaRaha wrote: mwekez@ji wrote: Lolest! wrote: 13pc for depositors and 12pc for customer loans??? Yes. And they are making lots of money out of this. 13pc is simple interest rate and 12pc is flat rate The internet is a dangerous place: who told you Faulu are making money? Go see the books, you will cry. Haiya! where are the books please?
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mwekez@ji		#13 Posted : Monday, July 29, 2013 9:22:17 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		KulaRaha wrote: mwekez@ji wrote: Lolest! wrote: 13pc for depositors and 12pc for customer loans??? Yes. And they are making lots of money out of this. 13pc is simple interest rate and 12pc is flat rate The internet is a dangerous place: who told you Faulu are making money? Go see the books, you will cry. Profit before profit in 2012 grew 505% to KES 97.6M from KES 16.1M in 2011. Growth that every shareholder will smile about except you sulker!!! Financial Statements >>> http://www.faulukenya.com/index...mp;gid=66&Itemid=156
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mwekez@ji		#14 Posted : Monday, July 29, 2013 9:27:48 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Chaka wrote: @mwekez@ji, So if I give faulu 1M for 3 months ,they should give me 130,000X0.25=32,500 ? @Chaka, yes, if you get the interest rate of 13%. However, for short tenor, they are more inclined to give you lower interest rate. You may visit them and negotiate
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mwekez@ji		#15 Posted : Monday, July 29, 2013 10:37:11 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		mwekez@ji wrote: KulaRaha wrote: mwekez@ji wrote: Lolest! wrote: 13pc for depositors and 12pc for customer loans??? Yes. And they are making lots of money out of this. 13pc is simple interest rate and 12pc is flat rate The internet is a dangerous place: who told you Faulu are making money? Go see the books, you will cry. Profit before profit in 2012 grew 505% to KES 97.6M from KES 16.1M in 2011. Growth that every shareholder will smile about except you sulker!!! Financial Statements >>> http://www.faulukenya.com/index...mp;gid=66&Itemid=156 fyi @sulker, of the DTMs in Kenya, Faulu is the second biggest only after KWFT
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Ngong		#16 Posted : Tuesday, July 30, 2013 7:09:21 PM
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest		This big but no branch in CBD?
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mwekez@ji		#17 Posted : Tuesday, July 30, 2013 7:53:20 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Ngong wrote: This big but no branch in CBD? They are in CBD, @OTC
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simonkabz		#18 Posted : Tuesday, July 30, 2013 8:38:19 PM
Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon		Very expensive loans. VERY. Be warned. We did a comparative analysis where a certain loan would require monthly installments of 82k while at National Bank over the same period and 17% interest the installment was around 65k pm. Be the judge. TULIA.........UFUNZWE!
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mawinder		#19 Posted : Tuesday, July 30, 2013 8:43:41 PM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		mwekez@ji wrote: Ngong wrote: This big but no branch in CBD? They are in CBD, @OTC Is OTC in CBD?
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Lolest!		#20 Posted : Tuesday, July 30, 2013 8:52:03 PM
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma		mawinder wrote: mwekez@ji wrote: Ngong wrote: This big but no branch in CBD? They are in CBD, @OTC Is OTC in CBD? CBD is the area bound by Moi Ave, University Way, Uhuru Highway and Haile Selassie
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