Wazua
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Law Capping interest rates
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Us the people. Once we decide no one should stop us
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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streetwise wrote:Us the people. Once we decide no one should stop us @streetwise amen and amen. Over KES 88B combined net profit for Kenyan banks does not make sense to me. That profit made by the banks directly represents the losses made at the dukawalla. Blind capitalism will never be sustainable in Africa. Thats why crime levels keep rising. Opportunity to make an honest living in this country keeps diminishing by the day. Safaricom is also guilty as alleged, but atleast they pay their workers outlandish salaries COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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sparkly wrote:obiero wrote:MaichBlack wrote:obiero wrote:muandiwambeu wrote:Ebenyo wrote:obiero wrote:I told you guys to sell off bank stocks in 2014. Luckily made it out of some major holdings in good time.. but a big percent of your portfolio is still in banks! so, what do you expect to be a fair hair cut on obieros portfolio as a result of kamwanaas house attempt to please Wanjiku. what will be the overall industries' hit in percentage. my fair guess from my lender's perspective (16-14.5)/(16*0.5)*100=18.75% conservetively thieves. COOP & HF will come out strongest in this.. Too little meat to be bitten out from the two. Plus HF has never been strong on deposits being only licensed to have current accounts a few months ago!! HF will have the least interest expense of all listed lenders Hey @Obiero. Bill not signed. And please note I did not put the word 'yet' at the end. Its bound to be signed on Monday 29th Aug 2016 The bankers will visit statehouse with big brown envelop and this story will be forgotten. I like how people replace basic economics with conspiracy theories. But at least, conspiracy theories can be as simple as you want them to be. Oh, big brown envelope. Oh, he owns a bank. Oh, bla bla bla. Why tax your brain with economics? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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@Obiero, @Obi and crew, someni hii. I am sure it will make your day. Enjoy! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,910
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obiero wrote:streetwise wrote:Us the people. Once we decide no one should stop us @streetwise amen and amen. Over KES 88B combined net profit for Kenyan banks does not make sense to me. That profit made by the banks directly represents the losses made at the dukawalla. Blind capitalism will never be sustainable in Africa. Thats why crime levels keep rising. Opportunity to make an honest living in this country keeps diminishing by the day. Safaricom is also guilty as alleged, but atleast they pay their workers outlandish salaries  @Obiero - You are trying too hard!! You want to say the guys engaging in violent robberies, muggings, break in etc. are doing so because they don't have access to cheap credit?? Get serious! The buggers have access to interest free, collateral free and repayment free "credit" - whatever they rob from you!!! Do they go and start/expand a business and say bye bye to thuggery?? If whatever you are saying is even remotely true, thugs would be engaging in crime only once and then they start a business!!! Thugs are just thugs!!! And most of them are actually from well to do families. The other thugs you elect also have access to more money than the average Kenyan and they are the biggest thugs we have around!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Hii story ya interest rates the way out I see it is when banks are adjusting interest rates it should apply to new applicants not existing Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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MaichBlack wrote:
I (DO NOT) like how people replace basic economics with conspiracy theories.
But at least, conspiracy theories can be as simple as you want them to be. Oh, big brown envelope. Oh, he owns a bank. Oh, bla bla bla. Why tax your brain with economics.
 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Quote:A 71-year-old man has committed suicide in Gititu Village in Tetu, Nyeri County, apparently because of a Sh50,00 debt he owed a shylock.
Family members found Gabriel Mwambia Kiboi hanging in a macadamia tree in his farm at around 10am Wednesday and reported the matter to Assistant Chief Simon Kiritu.
The family members said Mr Mwambia was a friendly and talkative person and they were confused as to why he decided to take his life.
Tetu OCPD Stephen Obara confirmed the incident, saying he found the man hanging on the tree with a sisal rope on his neck but with no physical injuries.
According to residents, the man is said to have committed suicide after the moneylenders threatened to auction his property after he defaulted in payments.
The family, however, disputed the allegations saying that was not the reason that triggered him to take his life but added that they were yet to identify the reason.
This incident comes a day after women in Karatina staged a protest alleging the loan sharks were colluding with police officer to harass them for failing to pay up the debts they owed.
The women alleged the lenders seized their property without a court order. For those shouting interest rate controls this is the future of lending 
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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wukan wrote:Quote:A 71-year-old man has committed suicide in Gititu Village in Tetu, Nyeri County, apparently because of a Sh50,00 debt he owed a shylock.
Family members found Gabriel Mwambia Kiboi hanging in a macadamia tree in his farm at around 10am Wednesday and reported the matter to Assistant Chief Simon Kiritu.
The family members said Mr Mwambia was a friendly and talkative person and they were confused as to why he decided to take his life.
Tetu OCPD Stephen Obara confirmed the incident, saying he found the man hanging on the tree with a sisal rope on his neck but with no physical injuries.
According to residents, the man is said to have committed suicide after the moneylenders threatened to auction his property after he defaulted in payments.
The family, however, disputed the allegations saying that was not the reason that triggered him to take his life but added that they were yet to identify the reason.
This incident comes a day after women in Karatina staged a protest alleging the loan sharks were colluding with police officer to harass them for failing to pay up the debts they owed.
The women alleged the lenders seized their property without a court order. For those shouting interest rate controls this is the future of lending Isn't the timing just great !!
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Law Capping interest rates
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