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Law Capping interest rates
obiero
#1101 Posted : Thursday, September 15, 2016 7:53:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,503
Location: nairobi
Plimsoul wrote:
Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?

A lot is new, in particular opportunity to tap the SACCO pool

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
murchr
#1102 Posted : Thursday, September 15, 2016 7:58:55 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
obiero wrote:
Plimsoul wrote:
Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?

A lot is new, in particular opportunity to tap the SACCO pool


Which Sacco's give a higher than 12% PA interest rate?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#1103 Posted : Thursday, September 15, 2016 8:09:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,503
Location: nairobi
murchr wrote:
obiero wrote:
Plimsoul wrote:
Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?

A lot is new, in particular opportunity to tap the SACCO pool


Which Sacco's give a higher than 12% PA interest rate?

All Sacco's lend at more than 12%.. Top of mind calculations will indicate 17% since part of the money that they lend to one, is the person's own cash.. Imagine that

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
murchr
#1104 Posted : Thursday, September 15, 2016 8:32:03 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
obiero wrote:
murchr wrote:
obiero wrote:
Plimsoul wrote:
Equity's new strategy post capping is just its old strategy: grow fast, use equitel, efficiency. What's new?

A lot is new, in particular opportunity to tap the SACCO pool


Which Sacco's give a higher than 12% PA interest rate?

All Sacco's lend at more than 12%.. Top of mind calculations will indicate 17% since part of the money that they lend to one, is the person's own cash.. Imagine that




But ...dont bankers give you money if you have a moneyed account with them? And have some sort of history/security?
Have you ever wondered why the muhindis in town sell everything at X9 x99 and never 00. Psychological pricing is what makes Saccos popular than banks. Saccos will sell you a loan at 1% pm on reducing balance. My over the head calc gives me about 12.68% wo keeping in mind my investment.

Various researches indicate that customers are swayed more by the most significant first digits of a price tag, so the lingo matters. To the avg Wanjiku, 1% will equate to 12% at the end of 12months. 2ndly selling is everything. Most bankers are too posh to sell to Wanjiku so, lets see how it goes.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Impunity
#1105 Posted : Thursday, September 15, 2016 8:37:00 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
murchr wrote:


Kumbe Equitel has been cheaper than the other boys from time immemorial?

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

watesh
#1106 Posted : Thursday, September 15, 2016 10:14:59 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product
newfarer
#1107 Posted : Thursday, September 15, 2016 10:18:08 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men
punda amecheka
maka
#1108 Posted : Thursday, September 15, 2016 10:20:46 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....
possunt quia posse videntur
Shak
#1109 Posted : Thursday, September 15, 2016 10:30:19 PM
Rank: Elder


Joined: 2/22/2009
Posts: 2,449
Location: Africa
They'll still make money from loans taken from their branches in the other East African countries. I'm told interest rates in Uganda are as high as 23pc.
newfarer
#1110 Posted : Thursday, September 15, 2016 11:02:18 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
Never knew KCB Mpesa existed in my safcom sim but now:

Your KCB M-PESA account has been created successfully. If you do not get your menu automatically within 30 minutes, please update your M-PESA menu to get the KCB M-PESA menu.

Kwaheri mshwari na 7.5% yenu
punda amecheka
Ericsson
#1111 Posted : Thursday, September 15, 2016 11:26:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
@VVS KCB has countered equity bank.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
streetwise
#1112 Posted : Thursday, September 15, 2016 11:34:55 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I am happy kcb listened to advise to copy JM action. They would h as 've bled too much otherwise
guru267
#1113 Posted : Friday, September 16, 2016 8:26:22 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Shak wrote:
They'll still make money from loans taken from their branches in the other East African countries. I'm told interest rates in Uganda are as high as 23pc.


In Uganda most Banks currently have base rates of 24% - 25%. Unsecured borrowing is at between 27% - 29%

The problem is those lazy Ugandan MPigs always follow Kenya legislation.. Some lobby groups are already calling for capping rates at 5% above CBR which is currently at 15%
Mark 12:29
Deuteronomy 4:16
Impunity
#1114 Posted : Friday, September 16, 2016 8:37:21 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

majimaji
#1115 Posted : Friday, September 16, 2016 9:39:03 AM
Rank: Veteran


Joined: 4/4/2007
Posts: 1,162
Impunity wrote:
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!


It's that good?
Impunity
#1116 Posted : Friday, September 16, 2016 11:13:13 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
majimaji wrote:
Impunity wrote:
maka wrote:
newfarer wrote:
watesh wrote:
BOOOM!! KCB has countered Equitel with 1.2% per month on KCB Mpesa product

This is cool men



Cool is an understatement....


Orgasmic!


It's that good?


Terrific!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

tom_boy
#1117 Posted : Friday, September 16, 2016 11:48:19 AM
Rank: Member


Joined: 2/20/2007
Posts: 767
Where are those doomsayers, eti oooh, banks will not lend, oooooh , the end of kenyan economy, oooh sme will suffer from lack of credit. Wako wapi wajitokeze. In the history of Kenyan banks, no bank has ever collapsed because they lent to Wanjiku and that is a FACT.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
tom_boy
#1118 Posted : Friday, September 16, 2016 11:49:39 AM
Rank: Member


Joined: 2/20/2007
Posts: 767
Where are those doomsayers, eti oooh, banks will not lend, oooooh , the end of kenyan economy, oooh sme will suffer from lack of credit. Wako wapi wajitokeze. In the history of Kenyan banks, no bank has ever collapsed because they lent to Wanjiku and that is a FACT.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
streetwise
#1119 Posted : Friday, September 16, 2016 12:00:18 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Tell them they told us how the future will be and now the future is here can they raise their heads and say something.

You see its good to prophesise in such a way that the time will never come for us to confirm your prophesy. Wasome vitabu za kale waone how to do it
Ericsson
#1120 Posted : Friday, September 16, 2016 12:06:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
http://www.businessdaily...83470-xcwyot/index.html

Focus now shifts to m-suruali anf coop bank mobi loan who are yet to announce they have complied to the new law.
Woiii Gideon Muriuki the way he was first to talk saa hii haongei
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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