Interest rate is not the only factor to consider for foreign loans.

Forex rate is another. If you collect your sales in local currencies but have to buy dollars to pay your loans, an adverse forex rate movement will make you wish you borrowed locally. KQ, EAPC, ARM know only too well.

I would not expect you to understand. Even the bank does not understand. Somehow no one understands.

You tell me how if I refuse to pay, you come and take 5 times what I had "refused" to pay...Just explain it to us uneducated fellows who don't know finance like you bank fellows.

Listen, that is what we call shylocking.

There is no other excuse for it.

Now you want us to feel bad for these shylocks ati for the sake of the country..Nope!

If they don't want to give cheap money to Wanjiku, then wakae na pesa zao.

But the government should not just pally around with these thugs as they pretend they are running a legitimate business.

Ati poor credit ratings...My friend, stop lying to Kenyans.

People with poor credit ratings in banking countries get loans at a higher rate of course that is what is supposed to happen.

In Kenya, whether you have poor credit or good credit, you still pay 30% interest and leave your log book and a title deed with these shylocks.

Stop cheating Kenyans here about the economy dying coz bankers are broke.

No one died as you said, because a bank died. It is not their right to charge shylock rates and get government support.

The government's work is to safeguard the rights of Wanjiku, not shylock bankers.

If shylock Kenyan banks cannot provide cheaper rates, then let them die. Though we never went to finance school, I'm sure there shall be some Kenyan somewhere who shall come up with a new bank that is not colluding with other shylocks to take their money...

Tho! wakwede kambisa!!

Ahhh now I understand it.

What you are saying is that the Kenyatta gov't is worse than the Kibaki and nusu mkate gov't.

Somehow within 4 years, Uhuru and his gov't has managed to shrink the economy and lowered demand for bank loans.

I'm just happy to see that you agree with what we have been saying all along.

Uhuru sio Kibaki.

on the contrary murchr, I am on point.

I'm actually following the point Liv is making to the dot.

Her argument is something to do with the economy shrinking and gov't borrowing causing these interest rates.

She then goes on to compare Kibaki's interest rates to Uhuru's interest rates.

I am not the one who brought this up, she did.

We the rest of the holloi polloi have been saying that banks are corrupt and engaging in illegal shylocking. So we want them tamed.

But it seems she knows something we don't.

It's either the banks are shylocks or Uhuru's gov't policies are increasing interest rates


You can't have your cake and eat it too.

I fail to see where I'm out of order in this.

I actually agree with her. If Uhuru's gov't continues borrowing at the rate it is doing, no amount of capping shall help.

The gov't must stop borrowing to fund these useless projects. One of the projects being rewarding Mpigs with more salaries.

The gov't is Uhuru's gov't....Ama ulitaka niseme it's Raira's?