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Law Capping interest rates
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Swenani
#1311 Posted : Thursday, September 29, 2016 4:05:37 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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MaichBlack
#1312 Posted : Thursday, September 29, 2016 4:16:40 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Swenani wrote:
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

One wonders!!!

Hii wakenya imekuwa major cry babies!!! They want the government to hold their hand!!

If there is at least one cheaper bank, HAMA!!! Wacha porojo mingi!!! Hata chips ya Kenchic na KFC sio bei moja na yote ni viazi tu!!! Na mbuzi pia hula kwa urefu wa kamba yake!
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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streetwise
#1313 Posted : Thursday, September 29, 2016 5:35:10 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
When cheaper options are available at the click of the button, why would one choose swari ?
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Sir invest
#1314 Posted : Thursday, September 29, 2016 6:05:45 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
No one is forced to take up the mobile loans at 7.5% .................there are cheaper alternatives such as Equity eazzy loans.
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mlennyma
#1315 Posted : Thursday, September 29, 2016 6:29:14 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Swenani wrote:
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

you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90%
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Thursday, September 29, 2016 6:34 PM | Reason: Not specified
Swenani
#1316 Posted : Thursday, September 29, 2016 7:47:54 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mlennyma wrote:
Swenani wrote:
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

you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90%


You can't knowingly fall into a hole just because it was meant to be filled but it wasn't
If Obiero did it, Who Am I?
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maka
#1317 Posted : Thursday, September 29, 2016 9:01:35 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Swenani wrote:
mlennyma wrote:
Swenani wrote:
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

you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90%


You can't knowingly fall into a hole just because it was meant to be filled but it wasn't


Laughing out loudly Laughing out loudly
possunt quia posse videntur
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MaichBlack
#1318 Posted : Thursday, September 29, 2016 9:50:51 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
maka wrote:
Swenani wrote:
mlennyma wrote:
Swenani wrote:
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

you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90%


You can't knowingly fall into a hole just because it was meant to be filled but it wasn't


Laughing out loudly Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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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  | | Edit by user: Thursday, September 29, 2016 9:57 PM | Reason: Not specified
MaichBlack
#1319 Posted : Thursday, September 29, 2016 9:57:05 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Swenani wrote:
mlennyma wrote:
Swenani wrote:
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

you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90%


You can't knowingly fall into a hole just because it was meant to be filled but it wasn't

This is exactly what I was saying!!! Kenyans who want the government to hold their hands!!!

Just how stupid are Kenyans supposed to be??? Anyone who cannot tell which loan is cheaper is an idiot and has no business handling money let alone getting a loan!!!
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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newfarer
#1320 Posted : Friday, September 30, 2016 5:56:19 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
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
punda amecheka
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  | | Edit by user: Friday, September 30, 2016 5:59 AM | Reason: Not specified
303 Pages«<130131132133134>»
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