wazua Sat, May 2, 2026
Welcome Guest Search | Active Topics | Log In

303 Pages«<127128129130131>»
Law Capping interest rates
Options
Previous Topic · Next Topic
Ericsson
#1281 Posted : Tuesday, September 27, 2016 1:15:02 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
@Obiero
Go and prop up KQ then
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
obiero
#1282 Posted : Tuesday, September 27, 2016 1:19:57 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Ericsson wrote:
@Obiero
Go and prop up KQ then

It's on autopilot
COOP, IMH, KEGN, KQ, MTNU
Back to top
WWW
  |
Ericsson
#1283 Posted : Wednesday, September 28, 2016 11:41:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"

We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%"
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
streetwise
#1284 Posted : Wednesday, September 28, 2016 11:43:13 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Is there negotiation even for mobile loans, eeeesh !!!!
Back to top
  |
penkon
#1285 Posted : Wednesday, September 28, 2016 11:51:07 AM
Rank: New-farer

Joined: 3/12/2014
Posts: 96
streetwise wrote:
Is there negotiation even for mobile loans, eeeesh !!!!
Back to top
  | | Edit by user: Wednesday, September 28, 2016 1:07 PM | Reason: Not specified
watesh
#1286 Posted : Wednesday, September 28, 2016 12:45:05 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"

We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%"

Ati technical hitch Laughing out loudly Laughing out loudly Laughing out loudly another term to mean they were not making enough money from it.
Glad the cash cow is back up and running
Back to top
WWW
  |
MaichBlack
#1287 Posted : Wednesday, September 28, 2016 1:18:19 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
streetwise wrote:
Is there negotiation even for mobile loans, eeeesh !!!!

Yes!!!

You negotiate with very sophisticated and most importantly software.

On a serious note, the softwares being used to enable mobile banking are very expensive and cannot be paid for by offering loans at 1.x% per month!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
MaichBlack
#1288 Posted : Wednesday, September 28, 2016 1:28:03 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
watesh wrote:
Ericsson wrote:
KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"

We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%"

Ati technical hitch Laughing out loudly Laughing out loudly Laughing out loudly another term to mean they were not making enough money from it.
Glad the cash cow is back up and running

2.66% per month. Still cheap money for those who use the facility.

I can imagine a mama mboga or any other trader who takes a loan of 10,000/= and has to pay an interest of only 266/= at the end of the month! He/She will make the interest back in half a day. The rest of the month they will be working for themselves!!! And they can take another loan the next month if they wish!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
Angelica _ann
#1289 Posted : Wednesday, September 28, 2016 2:20:02 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
MaichBlack wrote:
watesh wrote:
Ericsson wrote:
KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"

We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%"

Ati technical hitch Laughing out loudly Laughing out loudly Laughing out loudly another term to mean they were not making enough money from it.
Glad the cash cow is back up and running

3.66% smile per month. Still cheap money for those who use the facility.

I can imagine a mama mboga or any other trader who takes a loan of 10,000/= and has to pay an interest of only (250+116 = 366/= ) smile at the end of the month! He/She will make the interest back in half a day. The rest of the month they will be working for themselves!!! And they can take another loan the next month if they wish!!!

Still way cheap considering the previous prevailing rates. I hope they will increase the amounts one can borrow to meaningful levels smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
washiku
#1290 Posted : Wednesday, September 28, 2016 3:07:43 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Back to top
  |
303 Pages«<127128129130131>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.