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Njung'e		#1321 Posted : Friday, September 30, 2016 8:09:46 AM
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi		Obi 1 Kanobi wrote: washiku wrote: Why banking sector is teetering on the edge of an upheaval Carol Musyoka is easily the best Business writer in Kenya @Obi, Agreed. I thought i was the only one who finds her articles spot on.. The paragraph below, not only cracked me, but makes lots of sense. Hopefully, she was not describing @ Maichblack I can’t say it enough: the data analytic teams should not have a single banker amongst them otherwise the traditional banking mold will infect any innovation that tries to emerge. Nothing great was ever achieved without enthusiasm.
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streetwise		#1322 Posted : Friday, September 30, 2016 9:22:25 AM
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi		I see most banks are strategizing on how to cut costs. I have always said in business , cutting cost is not a business and you wont make money that way, the way to go Innovate, innovate and innovate. The opportunity has always been there , open your eyes and you will be amazed.
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Impunity		#1323 Posted : Friday, September 30, 2016 9:24:34 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		newfarer wrote: Impunity wrote: newfarer wrote: Dear newfarer , You qualify for a loan of up to KES 7500.00 . To apply for a loan, access KCB Mpesa in the MPESA menu. This is without even putting a cent in my newly activated KCB Mpesa account I will personally do the marketing for KCB, kwaheri mshwari While for Member I qualify for Kes. 53,100, that amount from KCB Mpesa is laughable. From zero to 7500, not bad is it? It took years and transactions worth millions to get to mshwari 10, 000 limit My msuari is still stuck at 5,000, despite channeling millions thru mpesa and for the last 10 years! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Impunity		#1324 Posted : Friday, September 30, 2016 9:40:45 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Siringi wrote: Put an Elephbank in your wallet Those banks still leving "shylocking fee" will surely learn the hard way! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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maka		#1325 Posted : Friday, September 30, 2016 9:42:07 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Impunity wrote: newfarer wrote: Impunity wrote: newfarer wrote: Dear newfarer , You qualify for a loan of up to KES 7500.00 . To apply for a loan, access KCB Mpesa in the MPESA menu. This is without even putting a cent in my newly activated KCB Mpesa account I will personally do the marketing for KCB, kwaheri mshwari While for Member I qualify for Kes. 53,100, that amount from KCB Mpesa is laughable. From zero to 7500, not bad is it? It took years and transactions worth millions to get to mshwari 10, 000 limit My msuari is still stuck at 5,000, despite channeling millions thru mpesa and for the last 10 years! Shouldn't that be a reason for CRBs to play a major role in this whole matter?Kuna mtu amelalia maskio possunt quia posse videntur
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MaichBlack		#1326 Posted : Friday, September 30, 2016 10:30:28 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		MaichBlack wrote: Ericsson wrote: @MaichBlack They will come down sometime in October. Usipoteze matumaini What is happening in October? I have not lost hope and I an not waiting to buy (unless there is information as to why I should wait - like the one you might be about to give me). I keep buying but it would be nice if my ABP remains low... Wah!!! Haki KCB waliharibu maneno with their muchene. Now Equity is on steroids!!! People cannot give a brother a break to accumulate in peace!!! Bure kabisa!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mlennyma		#1327 Posted : Friday, September 30, 2016 10:38:18 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Impunity wrote: Siringi wrote: Put an Elephbank in your wallet Those banks still leving "shylocking fee" will surely learn the hard way! Like Suruali "Don't let the fear of losing be greater than the excitement of winning."
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Ericsson		#1328 Posted : Friday, September 30, 2016 11:38:20 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Lazima Q3 ifungwe on a high note Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#1329 Posted : Friday, September 30, 2016 12:14:25 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Kenya's September inflation 6.34% vs 6. 26% in August-KNBS Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Obi 1 Kanobi		#1330 Posted : Friday, September 30, 2016 12:32:00 PM
Rank: Elder Joined: 7/23/2008 Posts: 3,017		streetwise wrote: I see most banks are strategizing on how to cut costs. I have always said in business , cutting cost is not a business and you wont make money that way, the way to go Innovate, innovate and innovate. The opportunity has always been there , open your eyes and you will be amazed. KCB have already developed a strategy to beat the caps on their mobile loans by limiting the tenure to 1 month and charging a processing fee of 2.5%. effectively they will be earning 3.7% per month and 44.4% per annum on mobile loans. At the same time ensuring a low PAR for the mobile loans class by the shortened tenure. thats the way you do business. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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