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Who owns Faulu Kenya?
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Impunity
#1 Posted : Tuesday, June 03, 2014 1:53:17 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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PeterReborn
#2 Posted : Tuesday, June 03, 2014 2:32:26 PM
Rank: Veteran


Joined: 1/3/2014
Posts: 1,063
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?

Old mutual acquired 67% of Faulu Kenya.
Faulu
Consistency is better than intensity
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Impunity
#3 Posted : Tuesday, June 03, 2014 3:17:19 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
PeterReborn wrote:
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?

Old mutual acquired 67% of Faulu Kenya.
Faulu


STABILITY & SAFETY of Eggs?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Mainat
#4 Posted : Tuesday, June 03, 2014 3:32:41 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Impunity-Old Mutual is as solid as a rock. They've taken on Faulu because they see the opportunities in the micro-finance sector. That out of the way, how did your "friend" manage to get an invite to the Faulu party? Asking for a friend... We can talk in camera if its easier.
Sehemu ndio nyumba
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jawgey
#5 Posted : Tuesday, June 03, 2014 4:23:47 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?


Shame on you Wacha ndoto
Seeing is believing
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Othelo
#6 Posted : Tuesday, June 03, 2014 4:34:35 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
jawgey wrote:
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?


Shame on you Wacha ndoto

Laughing out loudly Laughing out loudly Laughing out loudly
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Impunity
#7 Posted : Tuesday, June 03, 2014 4:46:21 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
jawgey wrote:
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?


Shame on you Wacha ndoto


His plan is to be as liquid as possible during the Jubilee crush in January to March 2015...the shilling will be over 100 and the stocks will dirty cheap.

And he says this will come to pass.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Othelo
#8 Posted : Tuesday, June 03, 2014 5:52:15 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Impunity wrote:
jawgey wrote:
Impunity wrote:
The real owners, and not the christian founders.
Is it safe for a "friend of mine" to bury 80% of his eggs there as he awaits Jubiree gamment crash around January next year?


Shame on you Wacha ndoto


His plan is to be as liquid as possible during the Jubilee crush in January to March 2015...the shilling will be over 100 and the stocks will dirty cheap.

And he says this will come to pass.

Fertile imaginations. Why wish your country bad economic scenario?
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rapudox
#9 Posted : Wednesday, June 04, 2014 10:55:21 AM
Rank: New-farer


Joined: 12/30/2010
Posts: 65
Location: Europe
@Impunity...I can recommend Faulu. I put a lot of eggs ;) about 5.5M in Faulu. I wanted to leave it for 2-3 yrs @ 13% p.a., but liquidated after a few months (2.5 months) to pursue a new opportunity. In those few months, I earned an interest of about 80-90K. They are fast, communicative and efficient, compared to old bones like Barclays etc. I would highly recommend the Ngong road branch. If your eggs are there, make sure to control their quarterly financials esp liquidity...and if you smell a rat, bail out. I personally think the bank is stable and will go a long way with its business concept. But this is just my opinion. ...As for Jubilee, If Uhuru steps up his game kidogo, then I don't see them crashing any time soon....At the moment, I don't see any serious alternatives to Uhuru. RAO's chapter has been closed.
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Bigchick
#10 Posted : Wednesday, June 04, 2014 8:36:39 PM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Swala Muhimu.

Why is Faulu/or any other FI willing to pay such a high rate?

Why do banks like Equity, KCB , Stan Chart and BBK not pay such rates??

Is FAULU and such other institutions protected under the Deposit Protection Fund?


I have not said they are bad though...
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Kagame
#11 Posted : Wednesday, June 04, 2014 8:58:32 PM
Rank: New-farer


Joined: 4/1/2014
Posts: 47
When they lend u at 21 % they keep 8%. Plus other charges.
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