I cannot speak for the rest of the group but only for the branch that I am responsible for.
We are basically the Kirinyaga Branch of Fountain Credit Services Limited and we are a micro finance company targeting self help groups registered with the Social Services Department and also businesses that have been in operation for six months or more based in this county.
We gave our first round of cheques to borrowers in July 2011 at 18% per year and this lot make their final installment in June 2012. My excel workshop monthly report shows me that we have extended 41,326,000 in loans all repayable within one year.
If that, in your esteemed opinion, constitutes "
hasn't started to do business??Its not even a start-up,no.Its still in the kitchen or in the mind of the founders??? " then I concur with you that "
I think there are very strange people in this world"