Rank: Member Joined: 2/20/2007 Posts: 767
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penkon wrote:wukan wrote:tom_boy wrote:Where are those doomsayers, eti oooh, banks will not lend, oooooh , the end of kenyan economy, oooh sme will suffer from lack of credit. Wako wapi wajitokeze. In the history of Kenyan banks, no bank has ever collapsed because they lent to Wanjiku and that is a FACT. Be patient it's early days  . Time for reckoning will come. I'm sure you don't know Rural Urban creidt, Jimba credit, kenya savings & mortgages, Union bank of kenya etc nowadays its saccos, i believe its hard. those where politically fueled credit shops to fleece your village Exactly. Please give examples of banks that collapsed because they lent too much to common mwananchi. All banks that have collapsed to date was due to illegal insider lending or politically connected lending. Even the so called small banks will survive as long as they do prudent business. Downsize your staff, find a niche to lend to and do clean business. Even with as little as 1b to lend, a spread of 6% gives you 60m in gross income a year. Pretty decent cash. Just downsize and do clean business and leverage on technology. For once, the bank owners will have to use their money to make money. No more making outrageous profit from other peoples money. I repeat, no bank that does clean business will collapse. Banks that are already doing shady deals will collapse because the tap has been switched off. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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