Wazua
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Law Capping interest rates
Rank: New-farer Joined: 10/14/2016 Posts: 25 Location: Nairobi
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Gatheuzi wrote: He was replying to the tweet below on FCB laying off staff ironicaly due to rate caps.
There is an interest factor in shariah loans, they call it 'profit'. The 'Profit' is determined by interest rates but they dont disclose this to the clients.
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Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI
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During the Soviet dictatorship of Stalin, he (Stalin) came to one politburo meeting with a live chicken. He started to pluck its feathers one by one off. The chicken quacked in pain, blood oozing from its pores. It gave out heartbreaking cries but Stalin continued without remorse plucking feather after feather until the chicken was completely naked. After that he threw the chicken on the ground and from his pockets took out some chicken feed and he started to throw it at the poor creature. It started eating and as he walked away, the chicken followed him and sat at his feet feeding from his hand. Stalin then told members of his party leadership 'This chicken represents the people, you must disempower them, brutalise them, beat them up and leave them If you do this and then give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life.They will think you are a hero forever. They will forget it is you who brought them to that situation in the first place. Does this sounds familiar?? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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Ericsson wrote:During the Soviet dictatorship of Stalin, he (Stalin) came to one politburo meeting with a live chicken. He started to pluck its feathers one by one off.
The chicken quacked in pain, blood oozing from its pores. It gave out heartbreaking cries but Stalin continued without remorse plucking feather after feather until the chicken was completely naked. After that he threw the chicken on the ground and from his pockets took out some chicken feed and he started to throw it at the poor creature. It started eating and as he walked away, the chicken followed him and sat at his feet feeding from his hand.
Stalin then told members of his party leadership 'This chicken represents the people, you must disempower them, brutalise them, beat them up and leave them If you do this and then give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life.They will think you are a hero forever. They will forget it is you who brought them to that situation in the first place.
Does this sounds familiar?? This is deep. Consistency is better than intensity
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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PeterReborn wrote:Ericsson wrote:During the Soviet dictatorship of Stalin, he (Stalin) came to one politburo meeting with a live chicken. He started to pluck its feathers one by one off.
The chicken quacked in pain, blood oozing from its pores. It gave out heartbreaking cries but Stalin continued without remorse plucking feather after feather until the chicken was completely naked. After that he threw the chicken on the ground and from his pockets took out some chicken feed and he started to throw it at the poor creature. It started eating and as he walked away, the chicken followed him and sat at his feet feeding from his hand.
Stalin then told members of his party leadership 'This chicken represents the people, you must disempower them, brutalise them, beat them up and leave them If you do this and then give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life.They will think you are a hero forever. They will forget it is you who brought them to that situation in the first place.
Does this sounds familiar?? This is deep. This is Kenya today...every tribe follows the Stalinist chicken model. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/22/2009 Posts: 7,872
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PeterReborn wrote:Ericsson wrote:During the Soviet dictatorship of Stalin, he (Stalin) came to one politburo meeting with a live chicken. He started to pluck its feathers one by one off.
The chicken quacked in pain, blood oozing from its pores. It gave out heartbreaking cries but Stalin continued without remorse plucking feather after feather until the chicken was completely naked. After that he threw the chicken on the ground and from his pockets took out some chicken feed and he started to throw it at the poor creature. It started eating and as he walked away, the chicken followed him and sat at his feet feeding from his hand.
Stalin then told members of his party leadership 'This chicken represents the people, you must disempower them, brutalise them, beat them up and leave them If you do this and then give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life.They will think you are a hero forever. They will forget it is you who brought them to that situation in the first place.
Does this sounds familiar?? This is deep. Very deep!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,872
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newfarer wrote:MaichBlack wrote:bennry wrote:To be Honest business is tough. I had a loan kwa one of this small banks and they were still charging me 22%. I cleared the loan in the hope that i would get a topup but wapi...For other banks to give you a loan it has to be secured. if its a car its around 70% of the forced value.
The last quarter of this year has been thick. sijui January vile watu wa SMEs are going to survive. Employees wanagojea bonuses but pesa hakuna...
Things are thick.
Then the government is on a looting spree and we are still being indifferent just cause we are sitting on our comfort zones. 2017 is going to be so so so bad.... Try telling that to the Mshwari Crew. And guess what, they will argue even with you and tell you what happened to you did not happen! Maringo nayo, mshwari pia ni pesa, Hawa mama mbogas unadharau are the ones who drive the real economy . lower middle income earners Kama most Wazuans ni kuimport second hand everything.wachana na sisi mama mbogas na mshwari yetu. If you are finding it hard to get funding for the fake lifestyle you are living, we are okay with our mshwari. I have nothing against M-shwari. It serves it's purpose and helps very many people out. Small scale traders love it. If it starts raining and a hawker who was selling socks for example has no cash, he will simply go to M-shwari, get a loan and in 10 minutes he will be selling umbrellas. The money he makes (given that he can buy new stock everyday and make a profit on it by close of business) far exceeds the interest he will pay - rate cap or no rate cap. All I am saying is that it is extremely pedestrian for one to argue that given his M-shwari applicable loan has been doubled is evidence that there is no credit crunch while virtually everyone who runs a business that needs an operating capital of more than a couple of hundred thousand (let alone a fww millions) is complaining that it is now harder for them to get credit. Talk to real people running real businesses sio kuleta opinion za "base" hapa kama facts!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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MaichBlack wrote:PeterReborn wrote:Ericsson wrote:During the Soviet dictatorship of Stalin, he (Stalin) came to one politburo meeting with a live chicken. He started to pluck its feathers one by one off.
The chicken quacked in pain, blood oozing from its pores. It gave out heartbreaking cries but Stalin continued without remorse plucking feather after feather until the chicken was completely naked. After that he threw the chicken on the ground and from his pockets took out some chicken feed and he started to throw it at the poor creature. It started eating and as he walked away, the chicken followed him and sat at his feet feeding from his hand.
Stalin then told members of his party leadership 'This chicken represents the people, you must disempower them, brutalise them, beat them up and leave them If you do this and then give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life.They will think you are a hero forever. They will forget it is you who brought them to that situation in the first place.
Does this sounds familiar?? This is deep. Very deep!!! Tragically deep.. Like what happened to the Kurji family last week.. I could empathise seeing as my land in Kitengela was almost taken away in similar fashion
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Rank: Elder Joined: 7/22/2009 Posts: 7,872
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newfarer wrote:MaichBlack wrote:bennry wrote:To be Honest business is tough. I had a loan kwa one of this small banks and they were still charging me 22%. I cleared the loan in the hope that i would get a topup but wapi...For other banks to give you a loan it has to be secured. if its a car its around 70% of the forced value.
The last quarter of this year has been thick. sijui January vile watu wa SMEs are going to survive. Employees wanagojea bonuses but pesa hakuna...
Things are thick.
Then the government is on a looting spree and we are still being indifferent just cause we are sitting on our comfort zones. 2017 is going to be so so so bad.... Try telling that to the Mshwari Crew. And guess what, they will argue even with you and tell you what happened to you did not happen! Maringo nayo, mshwari pia ni pesa, Hawa mama mbogas unadharau are the ones who drive the real economy . lower middle income earners Kama most Wazuans ni kuimport second hand everything.wachana na sisi mama mbogas na mshwari yetu. If you are finding it hard to get funding for the fake lifestyle you are living, we are okay with our mshwari. I have nothing against M-shwari. It serves it's purpose and helps very many people out. Small scale traders love it. If it starts raining and a hawker who was selling socks for example has no cash, he will simply go to M-shwari, get a loan and in 10 minutes he will be selling umbrellas. The money he makes (given that he can buy new stock everyday and make a profit on it by close of business) far exceeds the interest he will pay - rate cap or no rate cap. All I am saying is that it is extremely pedestrian for one to argue that given his M-shwari applicable loan has been doubled is evidence that there is no credit crunch while virtually everyone who runs a business that needs an operating capital of more than a couple of hundreds of thousands (let alone a few millions) is complaining that it is now harder for them to get credit. Talk to real people running real businesses sio kuleta opinion za "base" hapa kama facts!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,872
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newfarer wrote:MaichBlack wrote:bennry wrote:To be Honest business is tough. I had a loan kwa one of this small banks and they were still charging me 22%. I cleared the loan in the hope that i would get a topup but wapi...For other banks to give you a loan it has to be secured. if its a car its around 70% of the forced value.
The last quarter of this year has been thick. sijui January vile watu wa SMEs are going to survive. Employees wanagojea bonuses but pesa hakuna...
Things are thick.
Then the government is on a looting spree and we are still being indifferent just cause we are sitting on our comfort zones. 2017 is going to be so so so bad.... Try telling that to the Mshwari Crew. And guess what, they will argue even with you and tell you what happened to you did not happen! Maringo nayo, mshwari pia ni pesa, Hawa mama mbogas unadharau are the ones who drive the real economy . lower middle income earners Kama most Wazuans ni kuimport second hand everything.wachana na sisi mama mbogas na mshwari yetu. If you are finding it hard to get funding for the fake lifestyle you are living, we are okay with our mshwari. One more thing @newfarer, there is a good reason I would never go to discuss important issues like rate capping with drunk villagers even if I found them discussing the topic. Unfortunately there is nothing to keep those drunk villagers from commenting in Wazua. Note: Emphasis on Drunk villagers lest you accuse me of being anti all villagers. Questions:
1) At what point did I "dharau" or even imply I "dharau" Mama Mbogas?? Actually when did I even mention them?? 2) Who said M-shwari money sio pesa?? 3) Who said there is a lifestyle - fake or otherwise - I am trying to finance using debt. 4) Who discounted the contribution of any group of Kenyans to the economy? It is very difficult discussing issues with some fellows. I am sure even drunk (On illicit brews!) villagers would feel insulted to be compared to them!!! Advice: Stick to the facts. Call me out on things I have said and done. Not some fabricated bull crap!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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MaichBlack wrote:newfarer wrote:MaichBlack wrote:bennry wrote:To be Honest business is tough. I had a loan kwa one of this small banks and they were still charging me 22%. I cleared the loan in the hope that i would get a topup but wapi...For other banks to give you a loan it has to be secured. if its a car its around 70% of the forced value.
The last quarter of this year has been thick. sijui January vile watu wa SMEs are going to survive. Employees wanagojea bonuses but pesa hakuna...
Things are thick.
Then the government is on a looting spree and we are still being indifferent just cause we are sitting on our comfort zones. 2017 is going to be so so so bad.... Try telling that to the Mshwari Crew. And guess what, they will argue even with you and tell you what happened to you did not happen! Maringo nayo, mshwari pia ni pesa, Hawa mama mbogas unadharau are the ones who drive the real economy . lower middle income earners Kama most Wazuans ni kuimport second hand everything.wachana na sisi mama mbogas na mshwari yetu. If you are finding it hard to get funding for the fake lifestyle you are living, we are okay with our mshwari. One more thing @newfarer, there is a good reason I would never go to discuss important issues like rate capping with drunk villagers even if I found them discussing the topic. Unfortunately there is nothing to keep those drunk villagers from commenting in Wazua. Note: Emphasis on Drunk villagers lest you accuse me of being anti all villagers. Questions:
1) At what point did I "dharau" or even imply I "dharau" Mama Mbogas?? Actually when did I even mention them?? 2) Who said M-shwari money sio pesa?? 3) Who said there is a lifestyle - fake or otherwise - I am trying to finance using debt. 4) Who discounted the contribution of any group of Kenyans to the economy? It is very difficult discussing issues with some fellows. I am sure even drunk (On illicit brews!) villagers would feel insulted to be compared to them!!! Advice: Stick to the facts. Call me out on things I have said and done. Not some fabricated bull crap!!! Hapa ujiaji tu! Broke blonde venting. Take a mshwari loan itulie kidogo, hope is not gone punda amecheka
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