Category: Finance
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Responsible loans will help you grow!
Reading Time: 3 minutesLoans are a very vital part of anyone’s financial life, especially those in business. Loans are a proper way to not just get capital to start your business, they are also one of the most used means to inject capital to grow your business. Organic growth can be painstakingly slow and many…
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Is there such a thing like an ‘affordable micro finance’ company in Kenya?
Reading Time: 4 minutesWhy do micro finance institutions get such a bad rap? “If both were to start at the same time, bad news will circle half the world even before good news stands up to start the race. Bad news , and bad reviews travel first. Most people are likely to comment after a…
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Why lenders should embrace risk based lending
Reading Time: 3 minutesAccess to credit is such a basic need that lenders should embrace risk-based lending to widen the net of those who qualify for loans. In Kenya for instance, since the introduction of the Credit Referencing Bureau, which keeps borrowers’ credit history, many Kenyans who were initially unaware of how this would affect…
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A guide to getting a good affordable logbook loan in Kenya
Reading Time: 13 minutesWhat are Logbook Loans? Logbook Loans are loans procured when you seek a loan facility and use your car as security. It is sometimes possible to even use a number of logbook loans to secure a singular loan facility. Why are logbook loans becoming so popular? Logbook loans are quickly emerging as…
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From debt to freedom! How to escape the debt trap in the Covid-19 economy in Kenya
Reading Time: 9 minutesDebt. It’s undeniably among the biggest causes of stress in society today. Even when times are normal and economies are running as expected, many people find themselves falling behind their loan repayments, initially just by a few days but once that happens, the risk of default rises. Defaulting is tricky because it…