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Law Capping interest rates
Rank: Elder Joined: 12/7/2012 Posts: 11,937
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This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste
I think the media has hijacked the whole process to gain state house mileage. The media has lost credibility and focus is shifted to glorifying the oppressor. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste
The banking (amendment) act, 2015
 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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Pesa Nane wrote:obiero wrote:Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste
The banking (amendment) act, 2015
COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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To think that anyone of the 98% in the "strongholds" who voted Jubilee will vote for RAO just because a bill was not signed is too far fetched...
The political risk of not signing is marginal at best... The economic risk of signing is astronomical at worst Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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guru267 wrote:To think that anyone of the 98% in the "strongholds" who voted Jubilee will vote for RAO just because a bill was not signed is too far fetched...
The political risk of not signing is marginal at best... The economic risk of signing is astronomical at worst
Your argument is valid. Some Kenyans don't care about happenings around them. They don't even feel what is discussed in parliament. In general some Kenyans are just there watching things to happen! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Spikes wrote:guru267 wrote:To think that anyone of the 98% in the "strongholds" who voted Jubilee will vote for RAO just because a bill was not signed is too far fetched...
The political risk of not signing is marginal at best... The economic risk of signing is astronomical at worst
Your argument is valid. Some Kenyans don't care about happenings around them. They don't even feel what is discussed in parliament. In general some Kenyans are just there watching things to happen!
Voting on tribal lines means more to them than anything that's real and factual like the signing of this bill
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Spikes wrote:obiero wrote:Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste
I think the media has hijacked the whole process to gain state house mileage. The media has lost credibility and focus is shifted to glorifying the oppressor.
it's part of a bigger "they made me not sign it" script... For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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winmak wrote:Spikes wrote:obiero wrote:Angelica _ann wrote:This law was to affect banks only or all lenders..... Whole of lending financial institutions including microfinance?
It is specifically banks.. Shylocks, loansharks, safcon etc are exempt for now. How the media has decided on behalf of the president to state that he shall not sign is in bad taste
I think the media has hijacked the whole process to gain state house mileage. The media has lost credibility and focus is shifted to glorifying the oppressor.
it's part of a bigger "they made me not sign it" script...
It would be very good for the president to sign COOP, IMH, KEGN, KQ, MTNU
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