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RIVER BANK COOPERATIVE SOCIETY LIMITED
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murenj
#1 Posted : Monday, March 21, 2011 8:00:25 AM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
Nacico Plaza, 7thfloor Suite 701, Landhies Road
any one dealt with them before?
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liomungai
#2 Posted : Monday, March 21, 2011 12:29:50 PM
Rank: New-farer


Joined: 2/17/2010
Posts: 47
Location: Nairobi
Shame on you take note of the name: they imply to operate as an MFI, give a false impression that they are a SACCO but they are registered as a LTD Co.while collecting deposits from unsuspecting public their deposits are not guaranteed and the hassle of getting a loan is not worth it. I have had insider privilege within the organization and it is a total waste of time; poor governance, very high employee turnover, non professionalism in their operations and can you imagine a 'financial organization' running on ms excel? these are briefcase shylocks targeting low income people who do not understand the financial intricacies but can afford small denomination transactions frequently for the ultimate rip off! they are also in the employment bureau business selling interview opportunities to desperate people searching for jobs.
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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bendi3
#3 Posted : Monday, March 21, 2011 12:52:45 PM
Rank: Member


Joined: 9/14/2010
Posts: 106
liomungai wrote:
Shame on you take note of the name: they imply to operate as an MFI, give a false impression that they are a SACCO but they are registered as a LTD Co.while collecting deposits from unsuspecting public their deposits are not guaranteed and the hassle of getting a loan is not worth it. I have had insider privilege within the organization and it is a total waste of time; poor governance, very high employee turnover, non professionalism in their operations and can you imagine a 'financial organization' running on ms excel? these are briefcase shylocks targeting low income people who do not understand the financial intricacies but can afford small denomination transactions frequently for the ultimate rip off! they are also in the employment bureau business selling interview opportunities to desperate people searching for jobs.


Excel can do wonders.
The early worm, is the one caught by the early bird.........
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murenj
#4 Posted : Monday, March 21, 2011 9:43:03 PM
Rank: Member


Joined: 7/22/2008
Posts: 851
Location: nairobi
liomungai wrote:
Shame on you take note of the name: they imply to operate as an MFI, give a false impression that they are a SACCO but they are registered as a LTD Co.while collecting deposits from unsuspecting public their deposits are not guaranteed and the hassle of getting a loan is not worth it. I have had insider privilege within the organization and it is a total waste of time; poor governance, very high employee turnover, non professionalism in their operations and can you imagine a 'financial organization' running on ms excel? these are briefcase shylocks targeting low income people who do not understand the financial intricacies but can afford small denomination transactions frequently for the ultimate rip off! they are also in the employment bureau business selling interview opportunities to desperate people searching for jobs.

thanks pal. picked them up on an advertisement on n_soko selling plots at ruai.
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amga
#5 Posted : Monday, March 21, 2011 10:05:55 PM
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Joined: 8/16/2010
Posts: 149
Location: hapa Kenya
ms excel may be great for data handling but for any financial institution data integrity is a key issue.
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idris
#6 Posted : Tuesday, March 22, 2011 8:52:06 AM
Rank: New-farer


Joined: 1/5/2011
Posts: 6
Location: Nairobi
amga wrote:
ms excel may be great for data handling but for any financial institution data integrity is a key issue.



True that!
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Elder
#7 Posted : Tuesday, March 22, 2011 1:39:25 PM
Rank: Elder


Joined: 9/7/2010
Posts: 2,148
Location: elderville
And apart from trying to pass off a SACCO I see that they are also cleverly calling themselves a BANK using the word RIVERBANK. The Registrar of Companies must have been sleeping at work to allow that to pass.
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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