obiero wrote:murchr wrote:obiero wrote:Plimsoul wrote:Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?
A lot is new, in particular opportunity to tap the SACCO pool
Which Sacco's give a higher than 12% PA interest rate?
All Sacco's lend at more than 12%.. Top of mind calculations will indicate 17% since part of the money that they lend to one, is the person's own cash.. Imagine that
But ...dont bankers give you money if you have a moneyed account with them? And have some sort of history/security?
Have you ever wondered why the muhindis in town sell everything at X9 x99 and never 00. Psychological pricing is what makes Saccos popular than banks. Saccos will sell you a loan at 1% pm on reducing balance. My over the head calc gives me about 12.68% wo keeping in mind my investment.
Various researches indicate that customers are swayed more by the most significant first digits of a price tag, so the lingo matters. To the avg Wanjiku, 1% will equate to 12% at the end of 12months. 2ndly selling is everything. Most bankers are too posh to sell to Wanjiku so, lets see how it goes.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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