Some people are easily pleased. Even by mediocrity.
How long would it take someone to scale the ladder and access a meaningful and viable loan from the initial 500?
In modern Kenya, any loan below Ksh 20,000 won’t make an impact on investment however humble. Damn, the 500 being praised by folks here is not even enough to transport my sukuma from Ngandu to Karatina Market.
If Government is serious about giving loans, let it guarantee Folks to get serious loans from Commercial Banks. Loans for serious Folks with investment plans.
Your point numeral uno attracts some comment from me again please
@bigDog:
Even if Hasora wanted, he can’t imprison Folks for default.
Default of loans and being indebted are not crimes and imprisonable offences.
These belong to The Laws of Contract and Obligations. The terms and conditions for loaning and lending do not include imprisonment for defaulting. Never!
In Kenya we do not have Debtor’s Prison for defaulters. Nobody is ever imprisoned for non payment of a debt.
This leads to one conclusion: Hasora Fund is just a cosmetic packaging of Fuliza and Mshwari and is not sustainable as it is being run by Government.
The longest I can give it is a year at the most before it dies a natural death.
