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Law Capping interest rates
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tom_boy
#1071 Posted: : Wednesday, September 14, 2016 7:38:32 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
MaichBlack wrote:
This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!

Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law!


A few weak banks folding is very welcome. We need to weed out those weaklings that survive on my blood and sweat rather than on their innovations and capital. I doubt our mpigs will repeal this one any time soon.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Spikes
#1072 Posted : Wednesday, September 14, 2016 7:54:34 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
tom_boy wrote:
murchr wrote:


I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month.




There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Wednesday, September 14, 2016 7:58 PM | Reason: Not specified
Spikes
#1073 Posted : Wednesday, September 14, 2016 8:23:32 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
MaichBlack wrote:
This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!

Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law!



This law is here to stay.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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newfarer
#1074 Posted : Wednesday, September 14, 2016 8:26:17 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
tom_boy wrote:
MaichBlack wrote:
This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!

Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law!


A few weak banks folding is very welcome. We need to weed out those weaklings that survive on my blood and sweat rather than on their innovations and capital. I doubt our mpigs will repeal this one any time soon.

Spot on
punda amecheka
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Aguytrying
#1075 Posted : Wednesday, September 14, 2016 8:28:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Shouldn't safaricom price also take a haircut if they will adjust their rates downwards
The investor's chief problem - and even his worst enemy - is likely to be himself
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newfarer
#1076 Posted : Wednesday, September 14, 2016 8:30:19 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
murchr wrote:

Why would anyone take mshwari loan7.5% when he can get 1.2% next door?
punda amecheka
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muandiwambeu
#1077 Posted : Wednesday, September 14, 2016 8:38:14 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Spikes wrote:
tom_boy wrote:
murchr wrote:


I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month.




There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku.

chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed
,Behold, a sower went forth to sow;....
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tom_boy
#1078 Posted : Wednesday, September 14, 2016 9:20:35 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
muandiwambeu wrote:
Spikes wrote:
tom_boy wrote:
murchr wrote:


I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month.




There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku.

chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed

They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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tom_boy
#1079 Posted : Wednesday, September 14, 2016 9:25:44 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
muandiwambeu wrote:
Spikes wrote:
tom_boy wrote:
murchr wrote:


I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month.




There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku.

chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed


@Spikes, not so fast. Remember, Mwangi could not do business with Safcon due to high Safcon charges imposed on the bank customers. I believe Safcon somehow takes a chunk of the 7.5% that CBA charges for Mshwari. If they are to march Mwangi, it means CBA will take less of the interest spread but still have to pay the full interest on deposits. That will be a really bitter pill for CBA. They may be better off quitting the whole mobile loan business.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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  | | Edit by user: Wednesday, September 14, 2016 9:27 PM | Reason: Not specified
alma1
#1080 Posted : Wednesday, September 14, 2016 9:28:29 PM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
Read my posts on this forum about Safcom..Tech companies who can't innovate and instead milk their clientele always end up with unforeseeable competition. its been repeated so many times worldwide I find it surprising that kenyan "analysts" have no clue.

Equitel shall win this game.

With safcom money maker being the shylock industry, I want to see those "analysts" who insist that it shall be a buy for the next 5 years.

By the way as all this was going on, Equity is now the bank of choice for those doing online business. They just set up the first direct transfers to their accounts. I know every geek in Kenya now has an equity account.

Next is those guys who will learn next week that they are paying 200% more with msuruari than equitel.

Thieves are not good people. Tumeelewana?
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