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marko
#1 Posted : Thursday, April 23, 2009 6:30:00 PM
Rank: Member


Joined: 1/7/2007
Posts: 838
Where can i get financing for a business start-up?someone,anyone please help.

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eli
#2 Posted : Friday, April 24, 2009 5:52:00 AM
Rank: Member


Joined: 6/17/2008
Posts: 294
Financing for business start up?

Sources of funds.
1. Your Savings.
2. Bank Loan
3. Venture Capitalists
4. Family and Friends
5. Angel Investors

Option 1 is most frequent. Works most of the times. Other Options are huwesmek!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
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Goals
#3 Posted : Friday, April 24, 2009 6:55:00 AM
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Joined: 10/6/2008
Posts: 118
get your financial accounts and bank statements and walk to any bank. You are save in case there are collaterals. Also consider sacco borrowings coz of the constant interest rates.

I can teach anybody how to get whatever they want out of life. The problem is that I can't find anybody who can tell me what they want.' Mark Twain
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marko
#4 Posted : Friday, April 24, 2009 7:23:00 AM
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Joined: 1/7/2007
Posts: 838
@Eli.thanx for the advice.the problem is that i have some savings but not enough to put down a down payment.
@Goal.immediately banks hear start-up,they just smile and start the we regret line.there is collateral.a logbook.that is the actual vehicle am looking to get financing for.

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nanfor
#5 Posted : Friday, April 24, 2009 8:00:00 AM
Rank: Member


Joined: 3/6/2009
Posts: 172
Marko,as a startup,that will be your problem wherever you go. I would start with whatever little I have. Remember kidogo kidogo hujaza kibaba.......Whatever you have is what the Gods wanted you to start with. So instead of wasting time looking for funds which you know are going to be imposible to get,sell the car and start your business.....You will be able to borrow later.......If the car is too important or too risky for you to sell,why then should I give you a loan?.....That is how the bank thinks.
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mlefu
#6 Posted : Friday, April 24, 2009 8:07:00 AM
Rank: Elder


Joined: 2/11/2007
Posts: 1,680
Location: nairobi
you want to buy a car?

matatu..akina twameka shld help..
muthomi mugi aiikagia maitho kabere...
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marko
#7 Posted : Friday, April 24, 2009 8:12:00 AM
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Joined: 1/7/2007
Posts: 838
@all.basically,what i want to do is to buy a 29 seater bus.
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Litoro
#8 Posted : Friday, April 24, 2009 1:47:00 PM
Rank: Member


Joined: 8/4/2008
Posts: 48
Boss,what u need are ua bank statements for the last six months and make a decision on the make of the 29 seater u want(bora sio Swaraj).Approach any bank i.e coop,n.i.c,kcb,fina na utapata gari. Ukikwama,call 0728-539-066 nitakuonyesha coz thats what i do on the sidez. Good luck
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marko
#9 Posted : Friday, April 24, 2009 3:21:00 PM
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Joined: 1/7/2007
Posts: 838
@Litoro.asante sana.i will do exactly that.i have your number so if i kwama i will be giving you a call.

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kyt
#10 Posted : Sunday, April 26, 2009 4:10:00 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
i work for Kcb and you may come lets do business

my contants are kytotz(at) gmail(dot) com
0728-991904,0733-991904
just holla and lets chat.

hasta la vista
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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marko
#11 Posted : Sunday, April 26, 2009 5:31:00 PM
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Joined: 1/7/2007
Posts: 838
Thanx alot Kyt.will be giving you a holla soon.

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Altius
#12 Posted : Wednesday, April 27, 2011 10:38:56 AM
Rank: Hello


Joined: 4/27/2011
Posts: 1
Location: India
Hi nice forum.. I would like to share this page here which gives good topics on Finance and Finance related fields..Please check the below link hope it will be informative and helpful.

Finance Topics
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leona
#13 Posted : Monday, May 30, 2011 12:54:54 PM
Rank: Elder


Joined: 8/1/2008
Posts: 1,432
Location: Marsabit
@Marko
Was Kyt able to assist? feedback?....
Nevermind what haters say, ignore them til they fade away - Just live your life
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mapozi
#14 Posted : Monday, March 12, 2012 9:51:35 AM
Rank: Member


Joined: 4/21/2011
Posts: 119
@marko,
Any success?
@Wazuans
My friend is looking for a loan to finish the purchase of a matatu, he had already saved a substantial amount which caters for two thirds of the cost so he needs the rest of the amount to cover the remaining one third.
Any ideas on financing that can be offered?
Thanks.
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samsa
#15 Posted : Wednesday, August 22, 2012 9:54:23 AM
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Joined: 5/7/2009
Posts: 155
@marko
did you get help from kcb?
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jacklauner05
#16 Posted : Friday, July 19, 2013 10:44:48 AM
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Joined: 7/18/2013
Posts: 4
Hey Marko well i think that if you want to get finance then you can achieve that through bank like showing bank statement for some period.Thanks!!
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maka
#17 Posted : Friday, July 19, 2013 11:29:48 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
jacklauner05 wrote:
Hey Marko well i think that if you want to get finance then you can achieve that through bank like showing bank statement for some period.Thanks!!

what is this now?
possunt quia posse videntur
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