Now that all he hoop·la has died down. Government reduced the interest rates to give or take 12 % and the banks complied as far as I am concerned. But has anyone gotten these loans? I am just asking? I mean, is it easier to get a loan?
Mimi ni ka hustler pale cbd so siezi kusaidia hapo…
For some reason I tend to fear loans…
So my concern about the whole affair is the medium term impact on the economy.
Its more expensive then it was before most banks have instead reduced the repayment periods making it more exclusive to a certain pay grade persons … In short no hope for us BT I believe its for the better as Kenyans we will slowly over time move away from the borrowing culture
for my case, they reduced the payment but have refused to give me a top up and giving flimsy excuses that our company is not on their list. But also got info that they have suspended all unsecured loans ie barclayloans and only dealing with scheme loans. Know someone who works with spire bank and he told me they have not issued a single loan since May
I have no idea if that has happened but kenyans need to embrace a saving culture,hii maneno ya the future will sort itself does not help anyone that is why banks will still make more money even if they reduce repayment periods guys will still borrow more and more to meet their day to day needs.
some banks have reported a spike in loans uptake while other banks, especially the smaller ones, have seen a reduction in loans given.
KUJENI NIWAPEE LOAN
Kama una uwezo take advantage of the reduced interest rates and clear the loan as soon as possible.
This is how homoz prey on people.