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Law Capping interest rates

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KulaRaha		#1181 Posted : Tuesday, September 20, 2016 8:50:32 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Mshwari under sieke on Twitter.....will they survive? Business opportunities are like buses,there's always another one coming
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FRM2011		#1182 Posted : Tuesday, September 20, 2016 8:54:14 AM
Rank: Elder Joined: 11/5/2010 Posts: 2,459		KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan.
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watesh		#1183 Posted : Tuesday, September 20, 2016 9:24:50 AM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		FRM2011 wrote: KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan. Hahahaha next up KCB-MPesa...
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maka		#1184 Posted : Tuesday, September 20, 2016 9:37:33 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		FRM2011 wrote: KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan. The thing is either way you look at it....it will still be cheaper than what they were charging before the cap. possunt quia posse videntur
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bird_man		#1185 Posted : Tuesday, September 20, 2016 9:37:46 AM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		watesh wrote: FRM2011 wrote: KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan. Hahahaha next up KCB-MPesa... KCBMpesa actually has stopped lending while Equity has reduced loan limits. Formally employed people often live their employers' dream & forget about their own.
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kayhara		#1186 Posted : Tuesday, September 20, 2016 12:40:49 PM
Rank: Veteran Joined: 5/5/2011 Posts: 1,059		bird_man wrote: watesh wrote: FRM2011 wrote: KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan. Hahahaha next up KCB-MPesa... KCBMpesa actually has stopped lending while Equity has reduced loan limits. M-shwari with their high rates will continue to dominate, they knoe guys who take the loans take them because they need the money immediately and are in need, you can actually ask for an mshwari loan while a supermarket cashier is scanning your goods and get it by the time they ask you to pay, KCB is a kujaribu, most guys try KCB first it takes so long that they end up going to mshwari, equity is another story, you need either a dual sim phone or a separate phone, for withdrawal I see most guys sending the loan cash from their equitel to saf and withdraw from mpesa. For most kenyans mobile loans are not about cost but accessibility To Each His Own
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bird_man		#1187 Posted : Tuesday, September 20, 2016 12:52:36 PM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		kayhara wrote: bird_man wrote: watesh wrote: FRM2011 wrote: KulaRaha wrote: Mshwari under sieke on Twitter.....will they survive? They will. Equity has just announced that over and above the interest rate, there is an appraisal fee based on the tenor of the loan. Hahahaha next up KCB-MPesa... KCBMpesa actually has stopped lending while Equity has reduced loan limits. M-shwari with their high rates will continue to dominate, they knoe guys who take the loans take them because they need the money immediately and are in need, you can actually ask for an mshwari loan while a supermarket cashier is scanning your goods and get it by the time they ask you to pay, KCB is a kujaribu, most guys try KCB first it takes so long that they end up going to mshwari, equity is another story, you need either a dual sim phone or a separate phone, for withdrawal I see most guys sending the loan cash from their equitel to saf and withdraw from mpesa. For most kenyans mobile loans are not about cost but accessibility Spot on!For Equity I was told I need a new sim and I dont have a dual sim phone.KCB I requested on Friday na sijapata bado!I once almost got listed after my 2K disappeared after a loan repayment. I got into an argument with them saying Safcom had not sent the money to them...meanwhile I was getting threatening calls.I'd rather MShwari...more predictable and accessible. Formally employed people often live their employers' dream & forget about their own.
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Impunity		#1188 Posted : Tuesday, September 20, 2016 1:28:46 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		bird_man wrote: So KCBMpesa is not lending anymore and Equity has reduced the Equitel loan limits! What are the new limits? Have they also reduced the Ezzyloan limits? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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bird_man		#1189 Posted : Tuesday, September 20, 2016 2:20:55 PM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		Impunity wrote: bird_man wrote: So KCBMpesa is not lending anymore and Equity has reduced the Equitel loan limits! What are the new limits? Have they also reduced the Ezzyloan limits? Yes they have...from 30K to zero and with no communication even. As is, one can only borrow mshwari given KCB is also out of the loan game for now. I still think interest capping is a mistake. Accessing unsecured loans right now is impossible..so what happens to us juakali people with no assets to secure? Formally employed people often live their employers' dream & forget about their own.
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Shak		#1190 Posted : Tuesday, September 20, 2016 3:12:37 PM
Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa		bird_man wrote: Impunity wrote: bird_man wrote: So KCBMpesa is not lending anymore and Equity has reduced the Equitel loan limits! What are the new limits? Have they also reduced the Ezzyloan limits? Yes they have...from 30K to zero and with no communication even. As is, one can only borrow mshwari given KCB is also out of the loan game for now. I still think interest capping is a mistake. Accessing unsecured loans right now is impossible..so what happens to us juakali people with no assets to secure? That's funny. Just checked mine and both my easy plus and easy loan limits have increased
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Wazua » Investor » Economy » Law Capping interest rates

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