Wazua
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Law Capping interest rates
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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@Obiero Go and prop up KQ then Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:@Obiero
Go and prop up KQ then It's on autopilot
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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KCB Mpesa loan is back. "Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday" We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%" Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Is there negotiation even for mobile loans, eeeesh !!!!
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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streetwise wrote:Is there negotiation even for mobile loans, eeeesh !!!!
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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Ericsson wrote:KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"
We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%" Ati technical hitch  another term to mean they were not making enough money from it. Glad the cash cow is back up and running
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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streetwise wrote:Is there negotiation even for mobile loans, eeeesh !!!! Yes!!! You negotiate with very sophisticated and most importantly software. On a serious note, the softwares being used to enable mobile banking are very expensive and cannot be paid for by offering loans at 1.x% per month!!! 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: 7,451
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watesh wrote:Ericsson wrote:KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"
We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%" Ati technical hitch another term to mean they were not making enough money from it. Glad the cash cow is back up and running 2.66% per month. Still cheap money for those who use the facility. I can imagine a mama mboga or any other trader who takes a loan of 10,000/= and has to pay an interest of only 266/= at the end of the month! He/She will make the interest back in half a day. The rest of the month they will be working for themselves!!! And they can take another loan the next month if they wish!!! 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: 12/7/2012 Posts: 11,901
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MaichBlack wrote:watesh wrote:Ericsson wrote:KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"
We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%" Ati technical hitch another term to mean they were not making enough money from it. Glad the cash cow is back up and running 3.66%  per month. Still cheap money for those who use the facility. I can imagine a mama mboga or any other trader who takes a loan of 10,000/= and has to pay an interest of only ( 250+116 = 366/= ) at the end of the month! He/She will make the interest back in half a day. The rest of the month they will be working for themselves!!! And they can take another loan the next month if they wish!!! Still way cheap considering the previous prevailing rates. I hope they will increase the amounts one can borrow to meaningful levels In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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obiero wrote:16.9m Equity Bank shares traded today. Interesting times Now approaching KES 30
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 3/19/2010 Posts: 3,503 Location: Uganda
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Rank: Elder Joined: 3/19/2010 Posts: 3,503 Location: Uganda
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Dear newfarer , You qualify for a loan of up to KES 7500.00 . To apply for a loan, access KCB Mpesa in the MPESA menu. This is without even putting a cent in my newly activated KCB Mpesa account I will personally do the marketing for KCB, kwaheri mshwari punda amecheka
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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newfarer wrote:Dear newfarer , You qualify for a loan of up to KES 7500.00 . To apply for a loan, access KCB Mpesa in the MPESA menu.
This is without even putting a cent in my newly activated KCB Mpesa account
I will personally do the marketing for KCB, kwaheri mshwari KCB will take Equity to the cleaners. Mshwari will also be impacted by the KCB onslaught
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 2/20/2007 Posts: 767
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And the dance continues. Banks will be forced to balance lending to govt vs lending to the people. http://www.nation.co.ke/...98402-e0y6cqz/index.htmlThey must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I've been monitoring all the rate cap headlines pre and post signing. The doom headlines have taken over and the negativity meter reads 100%. Crazy extreme levels! Very fertile grounds for a contrarian play.
From my experience this is a sure bet that the market will flip very sharply against the crowd! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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hisah wrote:I've been monitoring all the rate cap headlines pre and post signing. The doom headlines have taken over and the negativity meter reads 100%. Crazy extreme levels! Very fertile grounds for a contrarian play.
From my experience this is a sure bet that the market will flip very sharply against the crowd! Seems like the Safcom Airtel script getting replayed all over again. Just when everybody expected Saf to be killed by low Airtel rates, the reverse happened and like they say, the rest is history. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Gatheuzi wrote:hisah wrote:I've been monitoring all the rate cap headlines pre and post signing. The doom headlines have taken over and the negativity meter reads 100%. Crazy extreme levels! Very fertile grounds for a contrarian play.
From my experience this is a sure bet that the market will flip very sharply against the crowd! Seems like the Safcom Airtel script getting replayed all over again. Just when everybody expected Saf to be killed by low Airtel rates, the reverse happened and like they say, the rest is history. Said it before.. Banks still have a fair spread.. Tier 1s especially since most funds are at NIL.. The 70% on CBR cap applies to pretty little of bank funding..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Angelica _ann wrote:MaichBlack wrote:watesh wrote:Ericsson wrote:KCB Mpesa loan is back.
"Our mobile banking services have resumed today following a system technical hitch experienced last week on Thursday"
We have standardized our fee charges for all unsecured loans at 14% p.a. & a one-time negotiation fee of 2.5%" Ati technical hitch another term to mean they were not making enough money from it. Glad the cash cow is back up and running 3.66% per month. Still cheap money for those who use the facility. I can imagine a mama mboga or any other trader who takes a loan of 10,000/= and has to pay an interest of only ( 250+116 = 366/= ) at the end of the month! He/She will make the interest back in half a day. The rest of the month they will be working for themselves!!! And they can take another loan the next month if they wish!!! Still way cheap considering the previous prevailing rates. I hope they will increase the amounts one can borrow to meaningful levels If you borrow 10,000 per month for 12 months at 3.66 then that shall be a whopping 43% pa!!!!!!! The peculiar kenyans will be milked dry due to their style of borrowing. The best borrowing would be to borrow at once say (12 x 10,000) at 16.5% pa insteand of piecemeal monthly takes...but what do I know? In fact I am now confused.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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newfarer wrote:Dear newfarer , You qualify for a loan of up to KES 7500.00 . To apply for a loan, access KCB Mpesa in the MPESA menu.
This is without even putting a cent in my newly activated KCB Mpesa account
I will personally do the marketing for KCB, kwaheri mshwari While for Member I qualify for Kes. 53,100, that amount from KCB Mpesa is laughable. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Law Capping interest rates
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