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Faulu Kenya now beats T-Bills for fixed deposits
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mawinder
#121 Posted : Monday, June 10, 2013 8:29:15 AM
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Joined: 4/30/2008
Posts: 6,029
Faulu now lending at 12% without need for savins and has finally tamed SACCOS!!!!!!!!!
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mlennyma
#122 Posted : Monday, June 10, 2013 9:08:59 AM
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It will be useful to me when the market turns bear.
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#123 Posted : Monday, June 10, 2013 9:47:37 AM
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Joined: 5/31/2011
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mawinder wrote:
Faulu now lending at 12% without need for savins and has finally tamed SACCOS!!!!!!!!!


Flat rate or reducing balance rate?
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mawinder
#124 Posted : Monday, June 10, 2013 9:51:15 AM
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Joined: 4/30/2008
Posts: 6,029
mwekez@ji wrote:
mawinder wrote:
Faulu now lending at 12% without need for savins and has finally tamed SACCOS!!!!!!!!!


Flat rate or reducing balance rate?

Reducing balance!!!!
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bird_man
#125 Posted : Monday, June 10, 2013 10:05:41 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
mawinder wrote:
mwekez@ji wrote:
mawinder wrote:
Faulu now lending at 12% without need for savins and has finally tamed SACCOS!!!!!!!!!


Flat rate or reducing balance rate?

Reducing balance!!!!


Link?
Formally employed people often live their employers' dream & forget about their own.
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mwekez@ji
#126 Posted : Monday, June 10, 2013 10:09:38 AM
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Joined: 5/31/2011
Posts: 5,121
bird_man wrote:
mawinder wrote:
mwekez@ji wrote:
mawinder wrote:
Faulu now lending at 12% without need for savins and has finally tamed SACCOS!!!!!!!!!


Flat rate or reducing balance rate?

Reducing balance!!!!


Link?


Yes, Link?
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Ericsson
#127 Posted : Monday, June 10, 2013 10:42:51 AM
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Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
12% is only for amounts above ksh.1M.Below that u will get a surprise.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#128 Posted : Monday, June 10, 2013 10:45:44 AM
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Ericsson wrote:
12% is only for amounts above ksh.1M.Below that u will get a surprise.


12% Reducing Balance Rate? Link?
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Ericsson
#129 Posted : Monday, June 10, 2013 10:57:25 AM
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Joined: 12/4/2009
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That's confidential info I got fom somebody.
its 12% fixed
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#130 Posted : Monday, June 10, 2013 11:07:43 AM
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Joined: 5/31/2011
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Ericsson wrote:
That's confidential info I got fom somebody.
its 12% fixed


12% p.a. fixed rate on a year loan is equivalent to 21.46% p.a reducing balance rate. #Very_High_Rate
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KURUTU
#131 Posted : Monday, June 10, 2013 12:51:44 PM
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Joined: 9/12/2006
Posts: 22
Why arebwe comparing a loan rate and a fixed deposit rate? Please enlighten me on the basis.
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mwekez@ji
#132 Posted : Monday, June 10, 2013 1:28:06 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
KURUTU wrote:
Why arebwe comparing a loan rate and a fixed deposit rate? Please enlighten me on the basis.


@kurutu, we are not comparing loan rate to fixed deposit rate. We are talking of loan pricing structures (flat/fixed rate Vs reducing balancing rate).
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Impunity
#133 Posted : Monday, June 10, 2013 4:23:55 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
mwekez@ji wrote:
Ericsson wrote:
That's confidential info I got fom somebody.
its 12% fixed


12% p.a. fixed rate on a year loan is equivalent to 21.46% p.a reducing balance rate. #Very_High_Rate


Word!!!!!!!!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mwekez@ji
#134 Posted : Monday, June 10, 2013 5:04:15 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Impunity wrote:
mwekez@ji wrote:
Ericsson wrote:
That's confidential info I got fom somebody.
its 12% fixed


12% p.a. fixed rate on a year loan is equivalent to 21.46% p.a reducing balance rate. #Very_High_Rate


Word!!!!!!!!


Cheers!!!!!! cc @mawinder
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ayushnehra
#135 Posted : Thursday, February 05, 2015 7:31:34 PM
Rank: Member


Joined: 1/4/2015
Posts: 153
I must say this post has made me laugh like none other on wazua. Though I'm a fan of the arguments and valid points individuals have, I must say how amusing I found the fact that when the CBK had a well structured explanation people found a way to argue against it..

I apologise for re-opening a case gone by..!
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Impunity
#136 Posted : Friday, February 06, 2015 8:54:31 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
ayushnehra wrote:
I must say this post has made me laugh like none other on wazua. Though I'm a fan of the arguments and valid points individuals have, I must say how amusing I found the fact that when the CBK had a well structured explanation people found a way to argue against it..

I apologise for re-opening a case gone by..!


Which point exactly made you laugh most?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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