Disclosures in HF’s annual report for 2018 show that it has an
outstanding balance of Sh1.49 billion on a loan owed to Crescent Finco LLP, which it is servicing at an annual rate of 18.5 percent.HF group’s fully owned subsidiary HF Development and Investment Limited, which was formerly known as Kenya Building Society, is servicing a
loan taken up from Shelter Afrique in 2015 at 18.7 percent, with a balance of Sh454 million outstanding at the end of last year.HF also holds a short term
loan facility of Sh516.3 million from fellow listed lender NIC Bank , for which it is paying interest at 14 percent per annum.https://www.businessdail...21926-8xuxwj/index.html 🙊🙊🙊
If someone needs the interest rate cap lifted, it is HF.
Where's Daddy Britam to help out the kitoto who is borrowing at 18%?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett