Wazua
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Law Capping interest rates
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Obi 1 Kanobi wrote: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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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Lazima Q3 ifungwe on a high note Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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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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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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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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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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Obi 1 Kanobi wrote: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. I think the big question is, how large is their mobile loans portfolio? I foresee a situation where banks will shift to lending 80% of their loans through mobile platforms if they have devised this clever way of beating the caps.
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Rank: Member Joined: 10/6/2009 Posts: 587
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Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!!
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Dear me, You qualify for a loan of up to KES 40000.00 . To apply for a loan, access KCB Mpesa in the MPESA menu. On checking Mshwari, my limit is 7500. Seriously?
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! because of 75cts you ignored to clear in a loan somewhere "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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washiku wrote:Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Dear me, You qualify for a loan of up to KES 40000.00 . To apply for a loan, access KCB Mpesa in the MPESA menu. On checking Mshwari, my limit is 7500. Seriously? I have been on 6k for mshwari since i dont know when ....... though not a frequent borrower so probably that is the reason 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: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Lipa deni wacha siasa ya umaskini If Obiero did it, Who Am I?
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Rank: Member Joined: 10/6/2009 Posts: 587
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Swenani wrote:Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Lipa deni wacha siasa ya umaskini Those idiots should have checked the CRB first before writing to inform me that I had qualified for a loan while I didn't, at least according to them. Ichidwe!!!
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Baratang wrote:Swenani wrote:Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Lipa deni wacha siasa ya umaskini Those idiots should have checked the CRB first before writing to inform me that I had qualified for a loan while I didn't, at least according to them. Ichidwe!!! You should have known that you defaulted on your repayment and clear your outstanding debts before applying for the next one If Obiero did it, Who Am I?
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Rank: Member Joined: 10/6/2009 Posts: 587
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Swenani wrote:Baratang wrote:Swenani wrote:Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Lipa deni wacha siasa ya umaskini Those idiots should have checked the CRB first before writing to inform me that I had qualified for a loan while I didn't, at least according to them. Ichidwe!!! You should have known that you defaulted on your repayment and clear your outstanding debts before applying for the next one I owe nobody nothing. I do not know who took my name to CRB. Probably a mechanic in Kariobangi who syphoned my fuel to half tank when I gave him my car to change the break pads!¡!¡!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Baratang wrote:Swenani wrote:Baratang wrote:Swenani wrote:Baratang wrote:Received: Sep 29
Dear Baratang, You qualify for a loan of up to KES 7500.00. To apply for a loan, access KCB Mpesa in the MPESA menu.
On applying for a loan of ksh 5000…
Received: 11:17
Dear Baratang, you have been listed at the Credit Reference Bureau therefore we cannot process your loan request. Kindly call CRB on 0709834000 for more info
Nugu!!!NKT!! Lipa deni wacha siasa ya umaskini Those idiots should have checked the CRB first before writing to inform me that I had qualified for a loan while I didn't, at least according to them. Ichidwe!!! You should have known that you defaulted on your repayment and clear your outstanding debts before applying for the next one I owe nobody nothing. I do not know who took my name to CRB. Probably a mechanic in Kariobangi who syphoned my fuel to half tank when I gave him my car to change the break pads!¡!¡! HELB????? 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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