Wazua
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Law Capping interest rates
Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Carol Musyoka is easily the best Business writer in Kenya "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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Put an Elephbank in your wallet  "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Equity back to 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: New-farer Joined: 5/7/2014 Posts: 40
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Siringi wrote:Put an Elephbank in your wallet What do they mean by 75% of current loan repayment? Does it mean that if you were servicing a loan of let's say 100, you can top up to 175? Or does it mean that if your loan is 100, and your monthly repayments are say 10 per month, that they will offer you a top up of 75% of 10 = 7.5 to make your loan 107.5?
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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obiero wrote:Equity back to KES 30.. Very very sad!!! I have very big plans for this stock. It is supposed to pay school fees for my kids - dividends only. As a result, I have a gradual accumulation plan (I am ready to accumulate all the way to next year) and I therefore would love for the price to remain suppressed for a couple of months. 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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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@MaichBlack They will come down sometime in October. Usipoteze matumaini Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Ericsson wrote:@MaichBlack
They will come down sometime in October.
Usipoteze matumaini What is happening in October? I have not lost hope and I an not waiting to buy (unless there is information as to why I should wait - like the one you might be about to give me). I keep buying but it would be nice if my ABP remains low... 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: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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KenyanEconomist wrote:Siringi wrote:Put an Elephbank in your wallet What do they mean by 75% of current loan repayment? Does it mean that if you were servicing a loan of let's say 100, you can top up to 175? Or does it mean that if your loan is 100, and your monthly repayments are say 10 per month, that they will offer you a top up of 75% of 10 = 7.5 to make your loan 107.5? I think it's clear, they say and get 75% of your current monthly loan repaymentsIf Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks One wonders!!! Hii wakenya imekuwa major cry babies!!! They want the government to hold their hand!! If there is at least one cheaper bank, HAMA!!! Wacha porojo mingi!!! Hata chips ya Kenchic na KFC sio bei moja na yote ni viazi tu!!! Na mbuzi pia hula kwa urefu wa kamba yake! 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: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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When cheaper options are available at the click of the button, why would one choose swari ?
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Rank: Member Joined: 8/19/2015 Posts: 124
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No one is forced to take up the mobile loans at 7.5% .................there are cheaper alternatives such as Equity eazzy loans.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90% "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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mlennyma wrote:Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90% You can't knowingly fall into a hole just because it was meant to be filled but it wasn't If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Swenani wrote:mlennyma wrote:Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90% You can't knowingly fall into a hole just because it was meant to be filled but it wasn't  possunt quia posse videntur
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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maka wrote:Swenani wrote:mlennyma wrote:Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90% You can't knowingly fall into a hole just because it was meant to be filled but it wasn't 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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Swenani wrote:mlennyma wrote:Swenani wrote:mlennyma wrote:So m-shwari is the most expensive loan being given at a screaming 7.5% monthly and this rate is baptized from being called interest to a facilitation fee???this shylocks must be stopped immediately Is anyone being forced to take the loan from the shylocks you can't dig a deep hole where people are passing and say people have eyes,the hole should not be there We have a law which doesn't allow 90% interest per year i.e. 7.5 × 12 =90% You can't knowingly fall into a hole just because it was meant to be filled but it wasn't This is exactly what I was saying!!! Kenyans who want the government to hold their hands!!! Just how stupid are Kenyans supposed to be??? Anyone who cannot tell which loan is cheaper is an idiot and has no business handling money let alone getting a loan!!! 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: 3,503 Location: Uganda
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Impunity wrote: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. From zero to 7500, not bad is it? It took years and transactions worth millions to get to mshwari 10, 000 limit punda amecheka
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Law Capping interest rates
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