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Law Capping interest rates
Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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obiero wrote:Wazua should pay me for the traffic I generate.. lol @Obiero - None of us knows everything and that is why most of us are on wazua. It is a learning process. When you are caught out on an argument (or whatever) accept and move on and be thankful that you learnt something which is hopefully what most of us are here to do. 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: Veteran Joined: 8/28/2015 Posts: 1,247
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MaichBlack wrote:obiero wrote:Wazua should pay me for the traffic I generate.. lol @Obiero - None of us knows everything and that is why most of us are on wazua. It is a learning process. When you are caught out on an argument (or whatever) accept and move on and be thankful that you learnt something which is hopefully most of us are here to do. Wish, @maichblack, @obiero expressed whats concerns him. Mark properly and award appropriately.  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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MaichBlack wrote:obiero wrote:Wazua should pay me for the traffic I generate.. lol @Obiero - None of us knows everything and that is why most of us are on wazua. It is a learning process. When you are caught out on an argument (or whatever) accept and move on and be thankful that you learnt something which is hopefully what most of us are here to do. I know everything boss
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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obiero wrote:MaichBlack wrote:obiero wrote:Wazua should pay me for the traffic I generate.. lol @Obiero - None of us knows everything and that is why most of us are on wazua. It is a learning process. When you are caught out on an argument (or whatever) accept and move on and be thankful that you learnt something which is hopefully what most of us are here to do. I know everything boss Okay bro. I agree. The evidence is all over wazua for everyone to see starting with your signature investment KQ. 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: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate components of interests are 1.... 2.... 3... 4..... 5. Inflation. Show me one country where the interest rates are below the inflation rates? If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Swenani wrote:obiero wrote:MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate components of interests are 1.... 2.... 3... 4..... 5. Inflation. Show me one country where the interest rates are below the inflation rates? Let me research.. Will get back to you
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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obiero wrote:Swenani wrote:obiero wrote:MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate components of interests are 1.... 2.... 3... 4..... 5. Inflation. Show me one country where the interest rates are below the inflation rates? Let me research.. Will get back to you A Danish bank is paying borrowers to take a mortgage!!! - This article is translated and may have grammatical errors.
Tumbling Interest Rates in Europe Leave Some Banks Owing Money on Loans to Borrowers
Banks Pay Clients To Have A Home Loan?!
The ECB NIR policy has flipped over and turned utopia into the real world!!! Yet people expect the USD to become cheap!!!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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hisah wrote:obiero wrote:Swenani wrote:obiero wrote:MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate components of interests are 1.... 2.... 3... 4..... 5. Inflation. Show me one country where the interest rates are below the inflation rates? Let me research.. Will get back to you A Danish bank is paying borrowers to take a mortgage!!! - This article is translated and may have grammatical errors.
Tumbling Interest Rates in Europe Leave Some Banks Owing Money on Loans to Borrowers
Banks Pay Clients To Have A Home Loan?!
The ECB NIR policy has flipped over and turned utopia into the real world!!! Yet people expect the USD to become cheap!!!
@hisah usipambane na watu wasiotaka kufungua akili kwa mwelekeo mpya wa riba
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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hisah wrote:obiero wrote:Swenani wrote:obiero wrote:MaichBlack wrote:This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k. What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!?? Hmm.. Let me digest your information. Seems to make little sense. The bone of contention being that a rate of 2% against inflation of 4% is ideally a negative interest rate components of interests are 1.... 2.... 3... 4..... 5. Inflation. Show me one country where the interest rates are below the inflation rates? Let me research.. Will get back to you A Danish bank is paying borrowers to take a mortgage!!! - This article is translated and may have grammatical errors.
Tumbling Interest Rates in Europe Leave Some Banks Owing Money on Loans to Borrowers
Banks Pay Clients To Have A Home Loan?!
The ECB NIR policy has flipped over and turned utopia into the real world!!! Yet people expect the USD to become cheap!!!
Giving incentives for customers to buy a certain product is different from offering negative interest on loans. The bottom line is that commercial bank are in business to make money. We should then be sure that somewhere in the detail, the must be a catch. Their end goal will be realised, - make money from you Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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wukan wrote:Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying. Wah! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Impunity wrote:wukan wrote:Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying. Wah! Unsoliciteds. Who told them that drying is not good enough for Kenia, rather than auctioning kenians souls with NIR. its their time to go drying, and marku round two post arap tiriticher. Learning from the master is not easy. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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wukan wrote:Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying. Link? 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: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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IMF is a defunct org. Waende huko
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Rank: New-farer Joined: 5/7/2014 Posts: 40
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MaichBlack wrote:wukan wrote:Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying. Link? http://www.imf.org/en/Ne...eview-Under-SBA-and-SCF
"However, interest rate controls are likely to reduce access to credit, weighing on growth. They also complicate monetary policy and adversely affect banking sector profitability, especially for small banks. Although the adverse effects of the controls are manageable in the near term, if maintained, they could potentially pose a risk to financial stability. Therefore, it is essential to remove these controls, while taking steps to prevent predatory lending and increase competition and transparency of the banking sector."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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http://www.the-star.co.k...t-caps-on-loans_c1494899Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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ngapat wrote:Ericsson wrote:ngapat wrote:maka wrote:@ngapat please let us know if they paid...this banks are crafty like @AA pointed out. No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account Forced to transactional account that has no interest Forced transactional account it is. @ngapat did you manage to solve this and how?
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Ericsson wrote:http://www.the-star.co.ke/news/2017/01/26/imf-wants-kenya-to-scrap-interest-caps-on-loans_c1494899 ^ IMF must be as confused as the rest of us who said this will happen. Never mind exactly what we said will happen happened. It must be a coincidence that can be explained away somehow or a still a figment of our imagination like it was said to be when we predicted it!!! 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: 9/20/2015 Posts: 2,811 Location: Mombasa
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MaichBlack wrote:Ericsson wrote:http://www.the-star.co.ke/news/2017/01/26/imf-wants-kenya-to-scrap-interest-caps-on-loans_c1494899 ^ IMF must be as confused as the rest of us who said this will happen. Never mind exactly what we said will happen happened. It must be a coincidence that can be explained away somehow or a still a figment of our imagination like it was said to be when we predicted it!!! IMF wakende huko... we're a sovereign state.. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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