wazua Wed, Nov 27, 2024
Welcome Guest Search | Active Topics | Log In | Register

Loans for freelancers and business people
Options
Previous Topic · Next Topic
onmywaytowealth
#1 Posted : Thursday, August 11, 2011 2:55:24 PM
Rank: New-farer


Joined: 7/4/2011
Posts: 24
Hi everyone,
What are some avenues that freelancers and business people can use to access loans? I am asking this because many financial institutions prefer giving loans to salaried people. Can I get loan through my shares? Please help
Back to top
 Report Abusive | Report SPAM
vestor
#2 Posted : Friday, August 12, 2011 10:39:39 AM
Rank: Member


Joined: 11/9/2010
Posts: 132
onmywaytowealth wrote:
Hi everyone,
What are some avenues that freelancers and business people can use to access loans? I am asking this because many financial institutions prefer giving loans to salaried people. Can I get loan through my shares? Please help

Yes you can. Equity bank will give you 50% of the value of your shares. You will need to transfer the shares you will use as security to Equity bank broker.
Back to top
 Report Abusive | Report SPAM
katyny
#3 Posted : Tuesday, October 11, 2011 3:36:48 PM
Rank: Hello


Joined: 7/20/2011
Posts: 1
You can also contact Lions Capital Limited. They have a product that allows you to get finance against shares or unit trusts.
Back to top
 Report Abusive | Report SPAM
Thiong'o
#4 Posted : Wednesday, October 19, 2011 3:14:18 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
@ onmywaytowealth

Try Jamii bora bank. They give loans to groups of 5 members; the members register a group name with the bank and save consistently for 6 weeks to qualify. To get the loans members guarantee each other.

The starting amounts might be kidogo..… but I suppose that’s how you start on your way there…..

NB: I have NOT used this facility but maybe someone here has.
Back to top
 Report Abusive | Report SPAM
Cde Monomotapa
#5 Posted : Wednesday, October 26, 2011 5:43:13 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
In the broader sense..loan sharks are at hand too smile
Back to top
 Report Abusive | Report SPAM
mapozi
#6 Posted : Monday, March 12, 2012 9:12:05 AM
Rank: Member


Joined: 4/21/2011
Posts: 119
@ Cde Monomotapa,
Where can one get a loan shark?
Wazuans, any more ideas please?
Back to top
 Report Abusive | Report SPAM
wa P
#7 Posted : Thursday, March 15, 2012 5:06:03 PM
Rank: Member


Joined: 5/26/2009
Posts: 326
Location: Nairobi
mapozi wrote:
@ Cde Monomotapa,
Where can one get a loan shark?
Wazuans, any more ideas please?


Get in touch nosknosk at g mail for good details.
Back to top
 Report Abusive | Report SPAM
Engine
#8 Posted : Wednesday, March 21, 2012 12:35:56 PM
Rank: Member


Joined: 4/26/2008
Posts: 90
Join a relevant sacco and contribute for 6 months then you can borrow 3 times the amount saved.
Back to top
 Report Abusive | Report SPAM
seeker*
#9 Posted : Thursday, March 22, 2012 12:27:16 PM
Rank: Member


Joined: 9/11/2009
Posts: 132
Location: nairobi
mapozi wrote:
@ Cde Monomotapa,
Where can one get a loan shark?
Wazuans, any more ideas please?


PLEASE NO! IF YOU DON'T WANT TO GET INTO AN EARLY FINANCIAL GRAVE---AVOID. and yes, the caps lock is intentional.
banks don't prefer salaried people only,they prefer to loan to businesses that have run for a minimum of 6months.
Try the barclays unsecured loan they ask for an extra 1000shs per month payment on top of monthly interest payments.They are bad but not as bad as loan sharks.
Don't fight a battle if you gain nothing by winning.” Erwin Rommel
When I was a child, I spoke like a child, thought like a child, and reasoned like a child. When I became an adult, I no longer used childish ways.
Back to top
 Report Abusive | Report SPAM | Edit by user: Thursday, March 22, 2012 12:42 PM | Reason: Not specified
Users browsing this topic
Guest
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.

Wazua SME Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.