Nipate

Forum => Kenya Discussion => Topic started by: Georgesoros on November 06, 2019, 08:22:15 PM

Title: I like the idea of borrowing, but will these loans be repaid???
Post by: Georgesoros on November 06, 2019, 08:22:15 PM

People are always optimistic about their business until repayment sets in. Will they make enough money to repay these loans?

https://www.yahoo.com/news/kenyan-lenders-target-small-medium-151620996.html

Title: Re: I like the idea of borrowing, but will these loans be repaid???
Post by: Nefertiti on November 07, 2019, 01:33:08 AM

O gee the whining has began.

Title: Re: I like the idea of borrowing, but will these loans be repaid???
Post by: Georgesoros on November 07, 2019, 05:24:05 AM

Quote from: Robina on November 07, 2019, 01:33:08 AM

O gee the whining has began.

lol.
I don't think there is capacity yet unless these loans go into manufacturing, expanding the service sector, or something like that. most of these people will be end up with loans they are unable to pay - forcing taxpayers to bail these banks.

Title: Re: I like the idea of borrowing, but will these loans be repaid???
Post by: Nefertiti on November 07, 2019, 09:23:58 AM

Interest rates have not stopped anyone from doing anything. If they are capped - the poor are denied. If they are cut loose - they rise. Either way the full risk of the borrower will be counted.