Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Monday, Jun 17, 2019
Investor
We’re investing funds for profit. Join us and wazua!
FEATURE  

LATEST DISCUSSIONS
KenyaRe FY19 - FY23 (Both Inclusive) [204]
1/4 Acre for Sale - Nkoroi [9]
Kenya Airways...why ignore.. [12916]
Sameer smeared? [26]
Sameer Africa HY18 [6]
Centum HY 2018/2019 [67]
STOCKS TO BUY by yaserbigchair [149]
Atlas Development and Support Services listing in ... [98]
Buying stocks in tandem with the dividends calenda... [6]
KCB and NBK material announcement [95]
Elliott Wave Analysis Of The NSE 20 [3136]
Eye on I&,M ... [108]
Low End Housing: High Risk, High Return [329]
Bitcoin: Does it have a future ? [1091]
Equity Bank FY 2018 net profit up 5% [45]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

16 Pages«<141516
Portfolio Balancing: Avoid Over Exposure To Financial Sector
Ericsson
#301 Posted : Monday, May 20, 2019 4:32:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,691
Location: NAIROBI
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out
murchr
#302 Posted : Monday, May 20, 2019 4:51:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,473
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Maybe they didn't sign up
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
winmak
#303 Posted : Monday, May 20, 2019 6:54:05 PM
Rank: Member


Joined: 12/1/2007
Posts: 411
Location: Nakuru
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?
For investors as a whole, returns decrease as motion increases ~ WB
obiero
#304 Posted : Monday, May 20, 2019 7:05:24 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
COOP 5,500; KCB 3,700; KQ 221,100
Fyatu
#305 Posted : Monday, May 20, 2019 7:21:58 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,415
Location: Nakuru
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


d'oh! d'oh!
Dumb money becomes dumb only when it listens to smart money
sparkly
#306 Posted : Monday, May 20, 2019 7:36:16 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,927
Location: Enk are Nyirobi
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer


Huduma number unboxed.
Life is short. Live passionately.
obiero
#307 Posted : Monday, May 20, 2019 7:58:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
Fyatu wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


d'oh! d'oh!

Bad luck
COOP 5,500; KCB 3,700; KQ 221,100
Angelica _ann
#308 Posted : Monday, May 20, 2019 8:01:08 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,416
obiero wrote:
Fyatu wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


d'oh! d'oh!

Bad luck


JM is aging!

In other post ..................

T-Bag wrote:
Crony Capitalism and State Capture 2: Documents Reveal the Kenyatta Family’s Plans to Take over Lending to SMEs

Read more at: https://www.theeastafric...e-over-lending-to-smes/
E Review.

Food for thought by Mfalme Daudi Ndindidii

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#309 Posted : Tuesday, May 21, 2019 4:43:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#310 Posted : Tuesday, May 21, 2019 6:42:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#311 Posted : Tuesday, May 21, 2019 6:58:12 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment

I do not use Tala/Branch/MShwari and the such but don't these charge rates of 3-9% per MONTH?
The Stawi loans, per the press release, are at 9% per YEAR. That's lower than what they lend to AA customers.
I would understand it if banks were charging 3% per month and then taking on more risk.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
lochaz-index
#312 Posted : Tuesday, May 21, 2019 7:53:42 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 953
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

Yes. Work out the APR instead. The 9% is only part of the multi layered cost structure. It is also not unsecured.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#313 Posted : Tuesday, May 21, 2019 7:55:55 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 953
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out

Interesting observation. There is definitely more than meets the eye here.
The main purpose of the stock market is to make fools of as many people as possible.
VituVingiSana
#314 Posted : Tuesday, May 21, 2019 9:09:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
If the APR is substantially higher than 13%, then is CBK backtracking on its threats that banks should have APRs that were at or lower than CBR+4?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#315 Posted : Tuesday, May 21, 2019 9:15:09 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment

I do not use Tala/Branch/MShwari and the such but don't these charge rates of 3-9% per MONTH?
The Stawi loans, per the press release, are at 9% per YEAR. That's lower than what they lend to AA customers.
I would understand it if banks were charging 3% per month and then taking on more risk.

How will banks charge more than the rate cap directive.. The only way is to go lower to stem the tide. MSME have no issue with loans as high as 23% per annum but the law restricts!
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#316 Posted : Tuesday, May 21, 2019 9:24:43 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment

I do not use Tala/Branch/MShwari and the such but don't these charge rates of 3-9% per MONTH?
The Stawi loans, per the press release, are at 9% per YEAR. That's lower than what they lend to AA customers.
I would understand it if banks were charging 3% per month and then taking on more risk.

How will banks charge more than the rate cap directive.. The only way is to go lower to stem the tide. MSME have no issue with loans as high as 23% per annum but the law restricts!
KCB and CBK loans via MShwari have APRs higher than 50%. The APR includes fees so a facilitation fee of 7% per month is more than 90% APR.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#317 Posted : Tuesday, May 21, 2019 2:11:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,653
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment

I do not use Tala/Branch/MShwari and the such but don't these charge rates of 3-9% per MONTH?
The Stawi loans, per the press release, are at 9% per YEAR. That's lower than what they lend to AA customers.
I would understand it if banks were charging 3% per month and then taking on more risk.

How will banks charge more than the rate cap directive.. The only way is to go lower to stem the tide. MSME have no issue with loans as high as 23% per annum but the law restricts!
KCB and CBK loans via MShwari have APRs higher than 50%. The APR includes fees so a facilitation fee of 7% per month is more than 90% APR.

Your point? MSME prefers to borrow at 50% than 9%?
COOP 5,500; KCB 3,700; KQ 221,100
Ericsson
#318 Posted : Tuesday, May 21, 2019 4:49:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,691
Location: NAIROBI
VituVingiSana wrote:
If the APR is substantially higher than 13%, then is CBK backtracking on its threats that banks should have APRs that were at or lower than CBR+4?


9% interest +4% fee
muandiwambeu
#319 Posted : Tuesday, May 21, 2019 5:53:00 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,120
Angelica _ann wrote:
obiero wrote:
Fyatu wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


d'oh! d'oh!

Bad luck


JM is aging!

In other post ..................

T-Bag wrote:
Crony Capitalism and State Capture 2: Documents Reveal the Kenyatta Family’s Plans to Take over Lending to SMEs

Read more at: https://www.theeastafric...e-over-lending-to-smes/
E Review.

Food for thought by Mfalme Daudi Ndindidii


https://www.businessdail...4514-vctcsiz/index.html
Probably, he has no yesterday, and his today is messing with the establishment, you ought to know you met us here young boy kinda thing
,Behold, a sower went forth to sow;....
VituVingiSana
#320 Posted : Tuesday, May 21, 2019 7:57:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,892
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
winmak wrote:
Ericsson wrote:
murchr wrote:
NOTICE - STAWI mobile loan facility of 30 - 250K, payable within 1 -12 months at an interest of 9% per annum





Where is equity bank and why have they been left out


Unsecured!!! How have they priced in risk to lend at 9%? Or am I missing something?

There are huge deposits in banks acrruing 0% interest. That’s your answer
Banks can place those funds at much lower risk of default on the Interbank Market. Then there are 91 day T-Bills. Also offer secured overdrafts to existing customers.

True. But the MSME market was shifting steadily to Tala,Branch etc.. It's a ring fencing strategy.. Not that banks would crumble incase they had continued ignoring the segment

I do not use Tala/Branch/MShwari and the such but don't these charge rates of 3-9% per MONTH?
The Stawi loans, per the press release, are at 9% per YEAR. That's lower than what they lend to AA customers.
I would understand it if banks were charging 3% per month and then taking on more risk.

How will banks charge more than the rate cap directive.. The only way is to go lower to stem the tide. MSME have no issue with loans as high as 23% per annum but the law restricts!
KCB and CBK loans via MShwari have APRs higher than 50%. The APR includes fees so a facilitation fee of 7% per month is more than 90% APR.

Your point? MSME prefers to borrow at 50% than 9%?

@Obiero asked: How will banks charge more than the rate cap directive?
@Obiero said: MSME have no issue with loans as high as 23% per annum but the law restricts!


So I ask, if MShwari/Fuliza (CBA and KCB) charge an APR more than CBR+4% why hasn't CBK cracked down on them?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest (2)
16 Pages«<141516
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.