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Wai!! it is a blood bath, kcb, coop, equity down 9%
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mufasa
#351 Posted : Thursday, September 01, 2016 9:41:17 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
streetwise wrote:
Member used to use the strategy of giving small loans at any interest. Now they need another idea , I am sure JM is on a retreat to rethink.


Memba has an option of strengthening the Equitel although as you can see (http://www.nation.co.ke/business/Equitel-customers-hit-with-high-cash-transfer-fees/996-2845840-u3t62az/index.html ) its going to be quite a big challenge. But on the plus side Equitel is there own product unlike KCB, Coop which depend on a 3rd Party (Safcom).

I don't think they need to abandon loans to the common mwananchi for the big corporates. Probably keep expanding their base to increase the numbers. Kenya still has a large unBanked population, Congo is almost a virgin market.

Do it today! Tomorrow is promise to no-one.
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mlennyma
#352 Posted : Thursday, September 01, 2016 9:44:56 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mufasa wrote:
streetwise wrote:
Member used to use the strategy of giving small loans at any interest. Now they need another idea , I am sure JM is on a retreat to rethink.


Memba has an option of strengthening the Equitel although as you can see (http://www.nation.co.ke/business/Equitel-customers-hit-with-high-cash-transfer-fees/996-2845840-u3t62az/index.html ) its going to be quite a big challenge. But on the plus side Equitel is there own product unlike KCB, Coop which depend on a 3rd Party (Safcom).

I don't think they need to abandon loans to the common mwananchi for the big corporates. Probably keep expanding their base to increase the numbers. Kenya still has a large unBanked population, Congo is almost a virgin market.


are you saying equity operate their own telco?
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#353 Posted : Thursday, September 01, 2016 9:49:10 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Second wave of falling bank shares is visible
"Don't let the fear of losing be greater than the excitement of winning."
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mufasa
#354 Posted : Thursday, September 01, 2016 9:53:01 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
mlennyma wrote:
mufasa wrote:
streetwise wrote:
Member used to use the strategy of giving small loans at any interest. Now they need another idea , I am sure JM is on a retreat to rethink.


Memba has an option of strengthening the Equitel although as you can see (http://www.nation.co.ke/business/Equitel-customers-hit-with-high-cash-transfer-fees/996-2845840-u3t62az/index.html ) its going to be quite a big challenge. But on the plus side Equitel is there own product unlike KCB, Coop which depend on a 3rd Party (Safcom).

I don't think they need to abandon loans to the common mwananchi for the big corporates. Probably keep expanding their base to increase the numbers. Kenya still has a large unBanked population, Congo is almost a virgin market.


are you saying equity operate their own telco?


Yes, its a Mobile Virtual Network Operator
Do it today! Tomorrow is promise to no-one.
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Horton
#355 Posted : Thursday, September 01, 2016 9:56:50 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Spikes wrote:
Horton wrote:
Impunity wrote:
Horton wrote:
Just read somewhere that exotix is recommending sell on alot of banks including KCB at current prices


Who is that?



http://www.exotix.com

Specialize in frontier markets. Have quite good research




Exotic analysts are just mortals. Mr. market has ways of sorting out himself in a mightier force than hidden agendas of Exotic recommendation.



Arent we all?

Hidden agendas?? Do tell!
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Impunity
#356 Posted : Thursday, September 01, 2016 10:04:40 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mlennyma wrote:
mufasa wrote:
streetwise wrote:
Member used to use the strategy of giving small loans at any interest. Now they need another idea , I am sure JM is on a retreat to rethink.


Memba has an option of strengthening the Equitel although as you can see (http://www.nation.co.ke/business/Equitel-customers-hit-with-high-cash-transfer-fees/996-2845840-u3t62az/index.html ) its going to be quite a big challenge. But on the plus side Equitel is there own product unlike KCB, Coop which depend on a 3rd Party (Safcom).

I don't think they need to abandon loans to the common mwananchi for the big corporates. Probably keep expanding their base to increase the numbers. Kenya still has a large unBanked population, Congo is almost a virgin market.


are you saying equity operate their own telco?


YES.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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KulaRaha
#357 Posted : Thursday, September 01, 2016 10:29:56 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man...
Business opportunities are like buses,there's always another one coming
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kawi254
#358 Posted : Thursday, September 01, 2016 10:50:00 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
KulaRaha wrote:
Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man...


With Equity, they are telling all their customers who want loans to get Equitel lines and apply for loans via Equitel....this way they are able to escape this 14.5% cap.
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KulaRaha
#359 Posted : Thursday, September 01, 2016 10:52:21 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
kawi254 wrote:
KulaRaha wrote:
Just saw on Twitter that KCB will not cap rates on mobile loans at 14.5%. So much for helping the common man...


With Equity, they are telling all their customers who want loans to get Equitel lines and apply for loans via Equitel....this way they are able to escape this 14.5% cap.


Totally against the spirit of the law...Telcos must be controlled also!
Business opportunities are like buses,there's always another one coming
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Impunity
#360 Posted : Thursday, September 01, 2016 11:02:23 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
CFS STANBIC.
Tells me by sms I will get 7.35%pa for minimum ballance of kes. 5000.

Our juu.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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  | | Edit by user: Thursday, September 01, 2016 11:20 AM | Reason: Not specified
46 Pages«<3435363738>»
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