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Law Capping interest rates
Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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Impunity wrote:jerry wrote:newfarer wrote:target1360 wrote:has any bank reduced rates on credit cards to 14.5%.Am tired of being milked dry by barclaycard. Uwongo the only charge you get from barclaycard if you pay your bills in time is the annual fees, classic card is 3000 pa. I have had it for the Last 9 years You can also get cash directly from ATM at 6% pm fee/interest. Are you forgetting that? Member gets me kes.150,000 pm on the same damn ATM, but at 1.2%! seems equity is better than these colonial banks I find satisfaction in owning great business,not trading them
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Impunity wrote:This guys at CBA sijui M-suari will not know what hits them when they will be awake! M-Shwari loan charge not interest, CBA tells customersLook at this: I get a loan from Member at 1.2% pm with zero "charge". I get a free loan from CBA at a charge of 7.5% pm. Where do you think I will head to get some money? No brainer argument from this CBA.  300Mirrion daily with a one off charge of 7.5% translate to 22.5 mirrion daily......chisos If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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M-Shwari has sent a message. Deposits to earn 7.35% but the facility fee is unchanged at 7.5%.The facility fee is the interest,no?. Anyway, i got better deals from Memba and Simba and so i am replying this message with a " f*** YOU" in caps. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 7/17/2008 Posts: 478 Location: Old Trafford
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Njung'e wrote:M-Shwari has sent a message. Deposits to earn 7.35% but the facility fee is unchanged at 7.5%.The facility fee is the interest,no?. Anyway, i got better deals from Memba and Simba and so i am replying this message with a " f*** YOU" in caps. Yup...as received: Dear customer, from 14/09/2016, your M-Shwari deposit will earn interest of 7.35% p.a, being 70% of CBR. Loan Facility Fees remain unchanged at 7.5% per loan.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Njung'e wrote:M-Shwari has sent a message. Deposits to earn 7.35% but the facility fee is unchanged at 7.5%.The facility fee is the interest,no?. Anyway, i got better deals from Memba and Simba and so i am replying this message with a " f*** YOU" in caps. Word.... possunt quia posse videntur
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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CBA does not still understand, they are still in dream land.
Some one tell them the ball is in the customers court.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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streetwise wrote:CBA does not still understand, they are still in dream land.
Some one tell them the ball is in the customers court. Moved to Equity over the weekend. I guess others will follow. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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Angelica _ann wrote:streetwise wrote:CBA does not still understand, they are still in dream land.
Some one tell them the ball is in the customers court. Moved to Equity over the weekend. I guess others will follow. i am also moving.#nikuhama I find satisfaction in owning great business,not trading them
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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target1360 wrote:Angelica _ann wrote:streetwise wrote:CBA does not still understand, they are still in dream land.
Some one tell them the ball is in the customers court. Moved to Equity over the weekend. I guess others will follow. i am also moving.#nikuhama Am there Now
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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sending money on equitel is free.compare that with mpesa. rationality dictates that we all move away from exploitation! #nikuhama I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@target1360 Even on airtel money sending is free. Problem is where will you withdraw;agents are few and getting them with adequate float is a problem. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Impunity wrote:jerry wrote:newfarer wrote:target1360 wrote:has any bank reduced rates on credit cards to 14.5%.Am tired of being milked dry by barclaycard. Uwongo the only charge you get from barclaycard if you pay your bills in time is the annual fees, classic card is 3000 pa. I have had it for the Last 9 years You can also get cash directly from ATM at 6% pm fee/interest. Are you forgetting that? Member gets me kes.150,000 pm on the same damn ATM, but at 1.2%! If you pay your credit card dues on time, there is no interest, not even 1.2% to pay except the annual subscription fee.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Ericsson wrote:@target1360
Even on airtel money sending is free.
Problem is where will you withdraw;agents are few and getting them with adequate float is a problem. So true. The biggest beneficiary here would be KCB as they are on the same Mpesa platform so to say. Now, shouldn't KCB go out bare knuckle to snatch all those customers from M-shwari?. Especially those who are not aware of the ongoings?. If i were head at KCB, i would have taught CBA and it's jinga management a seriously ruthless business lesson! Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@Njung'e and target1360 The problem with JM/Equity and Airtel is that they are mean and don't want to spend money in building the agent/distribution network and the agents themselves. That is where safaricom beats them pants down. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Ericsson wrote:@Njung'e and target1360
The problem with JM/Equity and Airtel is that they are mean and don't want to spend money in building the agent/distribution network and the agents themselves.
That is where safaricom beats them pants down.
........Or too lazy. The banks were used to cheap money flowing in but now they really have to get off their butts to survive. The way i see it, someone will come up with an innovative banking product that might run some of the giants out of town....just saying  Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Njung'e wrote:Ericsson wrote:@target1360
Even on airtel money sending is free.
Problem is where will you withdraw;agents are few and getting them with adequate float is a problem. So true. The biggest beneficiary here would be KCB as they are on the same Mpesa platform so to say. Now, shouldn't KCB go out bare knuckle to snatch all those customers from M-shwari?. Especially those who are not aware of the ongoings?. If i were head at KCB, i would have taught CBA and it's jinga management a seriously ruthless business lesson! I agree, KCB should go in for the kill here and make everyone know their product exists at a cheaper price.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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watesh wrote:Njung'e wrote:Ericsson wrote:@target1360
Even on airtel money sending is free.
Problem is where will you withdraw;agents are few and getting them with adequate float is a problem. So true. The biggest beneficiary here would be KCB as they are on the same Mpesa platform so to say. Now, shouldn't KCB go out bare knuckle to snatch all those customers from M-shwari?. Especially those who are not aware of the ongoings?. If i were head at KCB, i would have taught CBA and it's jinga management a seriously ruthless business lesson! I agree, KCB should go in for the kill here and make everyone know their product exists at a cheaper price. KCBMPESA seems to be down already OR they've ran out of loan disbursement funds.Check their twetter feed, they say it will resume within the course of the week. Tried a request on Friday na bado sijapata! KCB TweetsFormally employed people often live their employers' dream & forget about their own.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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iris wrote:Impunity wrote:jerry wrote:newfarer wrote:target1360 wrote:has any bank reduced rates on credit cards to 14.5%.Am tired of being milked dry by barclaycard. Uwongo the only charge you get from barclaycard if you pay your bills in time is the annual fees, classic card is 3000 pa. I have had it for the Last 9 years You can also get cash directly from ATM at 6% pm fee/interest. Are you forgetting that? Member gets me kes.150,000 pm on the same damn ATM, but at 1.2%! If you pay your credit card dues on time, there is no interest, not even 1.2% to pay except the annual subscription fee. men. 3gs n u got like ten of them... Kesho mie narundi kwetu. JM for life. so tiring to life with abusive msuruari wife ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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muandiwambeu wrote:iris wrote:Impunity wrote:jerry wrote:newfarer wrote:target1360 wrote:has any bank reduced rates on credit cards to 14.5%.Am tired of being milked dry by barclaycard. Uwongo the only charge you get from barclaycard if you pay your bills in time is the annual fees, classic card is 3000 pa. I have had it for the Last 9 years You can also get cash directly from ATM at 6% pm fee/interest. Are you forgetting that? Member gets me kes.150,000 pm on the same damn ATM, but at 1.2%! If you pay your credit card dues on time, there is no interest, not even 1.2% to pay except the annual subscription fee. men. 3gs n u got like ten of them...Kesho mie narundi kwetu. JM for life. so tiring to life with abusive msuruari wife What is that? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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So KCBMpesa is not lending anymore and Equity has reduced the Equitel loan limits! Formally employed people often live their employers' dream & forget about their own.
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