wazua Thu, Apr 23, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
I'm Back - Credit Advice
akowally
#1 Posted : Thursday, September 22, 2011 10:56:58 AM
Rank: Veteran

Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
Hi Wazuans, skerians or whatever you call yourselves these days.

Feels refreshing to be back. I am seeing some of the old dogs are still here having a great time.

Been busy setting up an online business which is now at its feet.

I need some advice on how I can access credit from banks. Being online I just work from home and get paid through PayPal or GAF (Freelancer.com payment system). Does anyone know how I can access a loan with this kind of business.

Thanks.
JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
Impunity
#2 Posted : Thursday, September 22, 2011 4:24:51 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
What is the business?
Give the webiste we chambua.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

akowally
#3 Posted : Thursday, September 22, 2011 5:06:38 PM
Rank: Veteran

Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
www.freelancer.com
JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
wazua
#4 Posted : Thursday, September 22, 2011 5:14:09 PM
Rank: Administration

Joined: 11/19/2009
Posts: 679
Dear @akowally,

Welcome back and don't journey for so long next time. Home is always best.

The Wazua spirit
Ustadh Ongige
#5 Posted : Thursday, September 22, 2011 5:19:34 PM
Rank: New-farer

Joined: 6/27/2011
Posts: 18
Location: Nairobi
All banks require some evidence of a steady income stream before they are forthcoming. I would advise you to join a SACCO as their lending terms are better for a business that is coming up. Have you also tried to register with odesk.com / elance.com? I also freelance and I found out the pay is way better with these alternatives. All the best.
Look unto me, and be ye saved, all the ends of the earth: for I am God, and there is none else.
Isaiah 45:22
muganda
#6 Posted : Thursday, September 22, 2011 5:23:21 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
www.myC4.com
EUR 1,000 to 10,000
...if you make a strong case...

akowally
#7 Posted : Thursday, September 22, 2011 9:59:14 PM
Rank: Veteran

Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
@Wazua Thanks for the warm welcome.

@Ongige I'll actually go for your option of joining a Sacco, any advise on the good ones? The business is picking well actually.

@muganda I see you still have those great insights you used to have. No wonder you are an elder now. I'll try that out. Thanks.
JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
akowally
#8 Posted : Thursday, September 22, 2011 10:04:21 PM
Rank: Veteran

Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
@Ongige

Actually tried all i.e. odesk and elance. I have profiles with them still. I guess God had my favor on freelancer because if you hear the figures I am getting in a month you'll be amazed.
JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
AmHere
#9 Posted : Friday, September 23, 2011 9:33:02 AM
Rank: Member

Joined: 7/7/2009
Posts: 93
Freelancer is ok until they start suspending your account for obscure reasons. You will also find that their support and customer service guys know less about their own system than you do. But other than that, you can make some decent money.


akowally wrote:
@Ongige

Actually tried all i.e. odesk and elance. I have profiles with them still. I guess God had my favor on freelancer because if you hear the figures I am getting in a month you'll be amazed.

selah
#10 Posted : Friday, September 23, 2011 11:23:25 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Akowally its refreshing to see the green posting once again.

About credit I think if you are earning good money you should open an account with Equity,KCB or Family bank make a consistent deposit for at least 3 months and try to build a rapport with the manager of the branch it will be easy for you to get a loan from them (talking from experience)

When it comes to sacco the tricky part is they will want a collateral for security or you raise 10 guarantors for a sum which in most cases is 3times your savings.

There are other small financial institutions like faulu,realpeople ,smep who offer hustle free Loans but you will have to pay high interest rates.

Finally Chase bank in conjunction with enablis has a program that supports entrepreneurs howthis works you can either go directly to chase bank and a relationship officer will guide you thru or you can go thru Enablis which actually can offer you a loan guarantee of upto 50% if they see the potential of your business.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.