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Faulu Kenya: the next big thing
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mwekez@ji
#21 Posted : Sunday, July 07, 2013 7:22:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
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.


Congrats Chief. How long have you held this counter?
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Cde Monomotapa
#22 Posted : Sunday, July 07, 2013 7:23:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
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.

Na bado, got some new worx in the kitchen (thanks to KCB).
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mwekez@ji
#23 Posted : Sunday, July 07, 2013 7:40:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
Cde Monomotapa wrote:
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.

Na bado, got some new worx in the kitchen (thanks to KCB).


Think Buying some more at current level¿
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obiero
#24 Posted : Friday, November 22, 2013 7:21:22 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,382
Location: nairobi
obiero wrote:
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

I still love Faulu and wish I could buy into it
COOP, KEGN, MTNU
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obiero
#25 Posted : Friday, December 06, 2013 6:56:46 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,382
Location: nairobi
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