African countries zote tukashikana tuseme hatulipi hizo loans what would happen??:D:p
loan business in pesa…lakini lazima ukuwe na roho ngumu to deal with defaulters,
hatujasoma contract
labda inasema watatuua sote or something
Illegally Lakini. CBK I believe stopped giving out licence for micro finances. But hakuna biz sawa kama hii Nairobi yote. Ukiwa na 3m starting capital na old licence. Hapa within an year uko “reach”
Dennis Mombo huyu jamaa wa Mwananchi credit limited amegrow though ni mkora sana…do you see how he splashes adverts all over…seems he is making good money
Ati unachukua loan na log book ya gari? Huyo ndiye amekula mandai za watu sawasawa hii kenya:D
mjamaa ni mafia…very DIRTY AND RUTHLESS…
I agree with you, but most people have property loans and that’s why the cbk was urging banks to prolong the loan repayment period. But still pesa inatoka wapi. Ata government itakosa kulipa other employees except askari na jeshi if the pandemic persists
He is a very good friend of talker here. I won’t expose him.
Wakona pesa sana 6% per month, limit 6 month, upto million utapewa.
In one am a small partner, we charge 5% a month, same day disbursement. Subject to lawyers agreeing, charging the security given. Small amounts given out.
But even before corona things were very bad in Kenya esp Nairobi. Pesa were like imekua suffocated.
So sai, even if bank grant holiday period, do you think it can go for a year really?
I don’t think so, probably 3 months. NIC I saw said they are giving 3 months holiday, other than that I think it will be restructuring through ALL Banks .
Restructuring means,
1.longer period maybe with or without interest increase .
2. Payment of interest first, this is a bait to a customer but still a relief juu utalipa loan yote tu.
In short people will pay the loans in full, issue is how.
Also what do you think, Can KRA have a tax holiday of one MONTH :D:D:Dni possible ama am asking for too much?
waah by mid month si situeshen itakuwa anarchy
Hii fiashara na ya distressed cars lazima nitaingia. Been thinking about them for a long then I saw your posts. Give me a month or two.
Sanctions…plus no more aid or credit in future. By the time they are finished with us, we will be begging them to accept payment.
But we are told Africa has all the raw materials surely we would manage to get by somehow?
This is ultimate business. And it’s very easy don’t be greedy that’s the most important thing.
Grow polepole but 1 year u will be very rich.
Easy points.
Capital ya 5m.
Weka 1.5m as base capital.
Operate with 3.5m
Look for a office in town (yetu iko 680 building) somewhere convenient, town ya juu.
Atleast 1 person to man the office at all times.
Then you look for in a inhouse law firm, to be drafting and oath doing your agreements. Atleast somebody serious and dependable.
Also a dependable and swift valuer wa shamba na gari.
Then have a network of people in NTSA, Min of Lands,
Open a bank account in a bank WITH A SUPREME BRANCH near you. This will help you operate till 8pm and extra cost pass to the customers si yeye ndiye akona haraka.
Main job workflow.
Person requests for a loan max 300k per person na huyu ni mtu ako security ya gari especially a TOYOTA.
Confrim physically wewe mwenyewe or your other partner.
Valuer to give its value.
Draft the agreement. Sign.
Charge the asset.
Transfer cash.
Why logbook security is most loved, is because the owner charges the logbook online instantly. Land takes abit of time.
Interestingly by the way, don’t be ruthless on selling people’s security, as long as it’s charged na jamaa anashika simu kuna communication mpee another month.
So basically.
Unapata, u give out 300k loan to security ya allion/ premio KCG plates maybe.
Also civil servant and bank employees are loved. For them process is abit different but they offer better security in payslips than any other people in other jobs.
I think that in the short-run, everyone is bound to suffer, from the landlord to the ‘mutura’ guy. The so-called middle class pretty much oils the economy with their extravagant spending. Hata wenye wako na side hustle, someone else pays them to do what they do. From lavish apartments to watu wa bedsitter, watu wengi wataumia. Hata billionaire watalia.
Don’t lose hope. Hope is the only thing most people have right now. Hope that you’ll still be healthy tomorrow, and that you’ll get another chance to restart life with whatever little you’re left with.
Why can’t this gok print more money and offset the Chinese loan immediately without putting that money into the economy?
You are another Sonko Malong. Money is a store of value. With fixed goods in an economy and you print money inflation will arise.
more basically, will you print Ksh and pay Chinese who loaned in dollars or Yuan?
Thanks for this. Will look for you nikianza
the loans are dollar denominated, hata za local banks are dnominated in foreign currency