I am looking for a Kenyan financial institution that can offer my enterprise reasonable bank overdrafts… I bank with Equity and they are not very responsive for overdrafts and the maximum they offer is the average gross turnover for one month as overdraft… Like if you transact 12 million per year, they offer Shs. 1m only… and there are upfront charges and interest like 1.5% per month (the last time I checked)… What are other financial institutions offering you? Which one do you recommend from your experience? I have assets to guarantee this…
Pesa kama hizo usiulize machokoch wa KTalk
Overdraft is the quickest route to Impoverish your business.
No. It cannot. I cannot take cash that is not available to me. So, if i take 10m for 90 days, i must have that cash in some other form. Opportunity cosy is the key issue here.
I am actually looking to start a similar business: loaning watu wa raw materials. Is that what you want the money for?
Yes. For projects. Not borrowing cash that I do not have… but to expedite the projects in the private sector instead of pushing for payments…
Tafuta KCB
Sawa… I will pay them a visit…
Yes, I was thinking of that precise business. Can you inbox me so that we hash out how someone can tackle this problem?
First community bank