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Law Capping interest rates
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Obi 1 Kanobi
#1301 Posted : Thursday, September 29, 2016 1:31:51 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
washiku wrote:
Why banking sector is teetering on the edge of an upheaval


Carol Musyoka is easily the best Business writer in Kenya
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Siringi
#1302 Posted : Thursday, September 29, 2016 1:58:04 PM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
Put an Elephbank in your wallet smile
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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obiero
#1303 Posted : Thursday, September 29, 2016 2:23:44 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Equity back to KES 30..
COOP, IMH, KEGN, KQ, MTNU
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KenyanEconomist
#1304 Posted : Thursday, September 29, 2016 2:28:07 PM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
Siringi wrote:
Put an Elephbank in your wallet smile


What do they mean by 75% of current loan repayment? Does it mean that if you were servicing a loan of let's say 100, you can top up to 175? Or does it mean that if your loan is 100, and your monthly repayments are say 10 per month, that they will offer you a top up of 75% of 10 = 7.5 to make your loan 107.5?
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mlennyma
#1305 Posted : Thursday, September 29, 2016 2:56:01 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#1306 Posted : Thursday, September 29, 2016 3:31:41 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
obiero wrote:
Equity back to KES 30..

Very very sad!!!

I have very big plans for this stock. It is supposed to pay school fees for my kids - dividends only.

As a result, I have a gradual accumulation plan (I am ready to accumulate all the way to next year) and I therefore would love for the price to remain suppressed for a couple of months.
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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Ericsson
#1307 Posted : Thursday, September 29, 2016 3:37:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
@MaichBlack
They will come down sometime in October.
Usipoteze matumaini
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#1308 Posted : Thursday, September 29, 2016 3:58:14 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
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...
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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Swenani
#1309 Posted : Thursday, September 29, 2016 3:59:08 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
KenyanEconomist wrote:
Siringi wrote:
Put an Elephbank in your wallet smile


What do they mean by 75% of current loan repayment? Does it mean that if you were servicing a loan of let's say 100, you can top up to 175? Or does it mean that if your loan is 100, and your monthly repayments are say 10 per month, that they will offer you a top up of 75% of 10 = 7.5 to make your loan 107.5?


I think it's clear, they say and get 75% of your current monthly loan repayments
If Obiero did it, Who Am I?
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Swenani
#1310 Posted : Thursday, September 29, 2016 4:01:29 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mlennyma wrote:
So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately


Is anyone being forced to take the loan from the shylocks
If Obiero did it, Who Am I?
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