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2.4m loan
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urstill1
#1 Posted : Thursday, July 17, 2014 11:50:57 AM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
What would you do with approximately Ksh 2.4m interest free loan in foreign currency. I'm supposed to start paying it off from the beginning of July next year.
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Swenani
#2 Posted : Thursday, July 17, 2014 11:52:26 AM
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Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
urstill1 wrote:
What would you do with approximately Ksh 2.4m interest free loan in foreign currency. I'm supposed to start paying it off from the beginning of July next year.


Lend it to @swenani at 5% p.a

BTW, can you direct me where I can also get the interest free loan?
If Obiero did it, Who Am I?
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urstill1
#3 Posted : Thursday, July 17, 2014 11:56:34 AM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
Swenani wrote:
urstill1 wrote:
What would you do with approximately Ksh 2.4m interest free loan in foreign currency. I'm supposed to start paying it off from the beginning of July next year.


Lend it to @swenani at 5% p.a

BTW, can you direct me where I can also get the interest free loan?


You can not get it since I got from a long time friend. I have a pal who needs 200k at 15% p.a
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Swenani
#4 Posted : Thursday, July 17, 2014 12:01:08 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
urstill1 wrote:
Swenani wrote:
urstill1 wrote:
What would you do with approximately Ksh 2.4m interest free loan in foreign currency. I'm supposed to start paying it off from the beginning of July next year.


Lend it to @swenani at 5% p.a

BTW, can you direct me where I can also get the interest free loan?


You can not get it since I got from a long time friend. I have a pal who needs 200k at 15% p.a


Thats too high considering we have stanchart.

can you lend 1M sub 10%? If yes,let me know
If Obiero did it, Who Am I?
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VituVingiSana
#5 Posted : Thursday, July 17, 2014 12:04:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
You want to lend in Foreign Currency or KES? And which currency if forex?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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urstill1
#6 Posted : Thursday, July 17, 2014 12:13:22 PM
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Joined: 9/6/2013
Posts: 1,446
Location: In a house
The money is in CAD and USD. $30k in CAD to be precise. @Swenani, if I haven't known you for the last 10 years, sahau. I may lend the 200k to my friend interest free. Lakini hiyo 2.2m imebaki I would need advice on how I should invest it. I have thought about car-hire and sinking the rest in shares. As of now a huge amount of the money has been invested in the markets huko majuu. I got the whole of the amount earlier this year. Depending on how I invest it, I may be eligible for more loan after partial and serious repayment of the current one.
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Swenani
#7 Posted : Thursday, July 17, 2014 12:25:25 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
urstill1 wrote:
The money is in CAD and USD. $30k in CAD to be precise. @Swenani, if I haven't known you for the last 10 years, sahau. I may lend the 200k to my friend interest free. Lakini hiyo 2.2m imebaki I would need advice on how I should invest it. I have thought about car-hire and sinking the rest in shares. As of now a huge amount of the money has been invested in the markets huko majuu. I got the whole of the amount earlier this year. Depending on how I invest it, I may be eligible for more loan after partial and serious repayment of the current one.


Okay,Though am not a conman

But my advice is washana na mambo ya car hire kabisa.SAHAU

Weka kwa shamba and NSE and if you change your mind,lend me some(if you can at less than 10% p.aon reducing balance) after doing your own due diligence

If Obiero did it, Who Am I?
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maka
#8 Posted : Thursday, July 17, 2014 12:44:08 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
urstill1 wrote:
The money is in CAD and USD. $30k in CAD to be precise. @Swenani, if I haven't known you for the last 10 years, sahau. I may lend the 200k to my friend interest free. Lakini hiyo 2.2m imebaki I would need advice on how I should invest it. I have thought about car-hire and sinking the rest in shares. As of now a huge amount of the money has been invested in the markets huko majuu. I got the whole of the amount earlier this year. Depending on how I invest it, I may be eligible for more loan after partial and serious repayment of the current one.

Would you lend it to a company with water tight legal documentation at 15% p.a
possunt quia posse videntur
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urstill1
#9 Posted : Thursday, July 17, 2014 12:44:20 PM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
Swenani wrote:
urstill1 wrote:
The money is in CAD and USD. $30k in CAD to be precise. @Swenani, if I haven't known you for the last 10 years, sahau. I may lend the 200k to my friend interest free. Lakini hiyo 2.2m imebaki I would need advice on how I should invest it. I have thought about car-hire and sinking the rest in shares. As of now a huge amount of the money has been invested in the markets huko majuu. I got the whole of the amount earlier this year. Depending on how I invest it, I may be eligible for more loan after partial and serious repayment of the current one.


Okay,Though am not a conman

But my advice is washana na mambo ya car hire kabisa.SAHAU

Weka kwa shamba and NSE and if you change your mind,lend me some(if you can at less than 10% p.aon reducing balance) after doing your own due diligence



Wacha ningoje mawaidha ya investors. Kwa nini uko against car hire? Niki import ka Toyota Belta siwezi kosa a minimum of 30k per month. The car hire business is not to be based in Nairobi! Then the rest I sink in whatever investment tools I get from Wazua. Hiyo kukuloan sahau tu baba. I'm open for suggestions. I'll give feedback.
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urstill1
#10 Posted : Thursday, July 17, 2014 12:48:31 PM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
maka wrote:
urstill1 wrote:
The money is in CAD and USD. $30k in CAD to be precise. @Swenani, if I haven't known you for the last 10 years, sahau. I may lend the 200k to my friend interest free. Lakini hiyo 2.2m imebaki I would need advice on how I should invest it. I have thought about car-hire and sinking the rest in shares. As of now a huge amount of the money has been invested in the markets huko majuu. I got the whole of the amount earlier this year. Depending on how I invest it, I may be eligible for more loan after partial and serious repayment of the current one.

Would you lend it to a company with water tight legal documentation at 15% p.a


I'm not in lending business. The friend I mentioned is in some kind of average retail business. All he wants to do is get some of his products the way the wholesale guys do. It's because we have history and there is no legal stuff involved. So anyone else who wants a loan from me is a big no no no!!
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