Cabaye CAptain1
Elder Lister
WHAT ARE YOU GUYS INSINUATING?
Niko generous, niweke, eka.
Isn't this SUBTLE PORN?
WSR anafanya kazi buana
- Thread starter Cortedivoire
- Start date
WHAT ARE YOU GUYS INSINUATING?
Niko generous, niweke, eka.
Isn't this SUBTLE PORN?
Ubongo
Elder Lister
You have a valid point... but remember some pending bills aren't genuine...the incoming governors are claiming some audits needs to be done
Until we manage to feed ourselves.... that's when we shall take off. Moving away from rainfend to irrigation cultivation... however expensive it will be
Mututho Wa KK
Senior Lister
Ametulipia fuliza
Aviator
Elder Lister
Yes.
Want to join?
I meant the genuine ones.
But bottom line is, whatever has happened today is a drop in the ocean.
Ubongo
Elder Lister
They are less than three weeks in office... let's wait the doses they will continue to inject slowly by slowly.
With increase in power....we are still very far.... and I highly doubt it will be lowered even when the fuel prices will drop as per next month
Denis Young
Elder Lister
Why are you jumping the gun? You are right on the pending bills, but we already know there is a plan for that. If anything, we can see that they are using their manifesto as a blue print and they are keeping their promises starting with the low hanging fruit.
The Executive and N.Assembly aren't even fully constituted.
bigDog
Elder Lister
There are three kinds of borrowers.
1. Those without income. Very high risk borrowers likely to default .
2. Those with income but refuse to pay. Serial defaulters. Very high risk group.
3. Those with income and have been paying but have had serious patches due to bad economy.
4. Those that are diligently paying their debts on time.
Which ones of these should be forgiven thier debts?
If you abolish CRB listing, won't you make credit more expensive for everyone? Why shouldn't the ability to pay be used as a factor in determining the cost of credit?
1. Those without income. Very high risk borrowers likely to default .
2. Those with income but refuse to pay. Serial defaulters. Very high risk group.
3. Those with income and have been paying but have had serious patches due to bad economy.
4. Those that are diligently paying their debts on time.
Which ones of these should be forgiven thier debts?
If you abolish CRB listing, won't you make credit more expensive for everyone? Why shouldn't the ability to pay be used as a factor in determining the cost of credit?
Field Marshal
Elder Lister
Very good questions. The last part is especially relevant. Ones CRB status should be used, with other factors to determine risk.
It should not be the only factor considered to deny somebody credit.
Example: You borrow Sh5,000 through KCB online and default. You get a job 6 months later and pay the loan. Why should KCB use that one listing to deny you credit for the next five - 5 - YEARS? Total rubbish...
Aviator
Elder Lister
That's the purpose of CRB.
But here it's a yes/no thing
bigDog
Elder Lister
I don't think it's fair to deny someone a loan because the defaulted once. Hata criminal records should be wiped out after some time when a criminal has reformed.
bigDog
Elder Lister
CRB is not being applied correctly in Kenya! CRB should have everyone's data, vile wanalipa madeni. If you abscond with saccos money, it should show on CRB, pesa ya landlord vile vile, pesa ya Kenya Power, hata bill ya Wamunyotas pub if you get a hangover on credit.
If you pay your debts on time, and you have ability to pay, you should get cheaper credit. Why should you pay for more expensive loans simply because some morons hate paying debts?
What's the plan for pending bills?
Quick question. Do banks charge different interest rates depending whether one is on the CRB list of not?
My opinion is that this was a well calculated plan of CRB, interest rate capping and fintech companies (Shylocks) that offer loans.
Because ordinarily, when one is put on CRB, they should be able to access credit but say at 30%. But as it is, they have to resort to the fintech Shylocks that charge 100%+
bigDog
Elder Lister
I have a machine that squeezes water out of stones. I can get you one if you are interested.
bigDog
Elder Lister
I talked to a banker who told me that's its only Equity Bank that does an analysis of payment data to rate customers for loans. Most of the rest just use CRB as a filter and everyone gets a predetermined interest rate.
Denis Young
Elder Lister
The suggestion on the table is to launch a long term bond. The concerns here are on increasing debt.
However, unlike normal bonds whose funds are usually put towards building infrastructure that take long to generate value, this money is being injected back into the economy to pay legitimate bills.
The effect will be almost instantaneous.
If they succeed, well and good. This idea was there and was to be implemented in October 2021.
Denis Young
Elder Lister
The previous regime was Kusema na KuTender. Based on the recent actions by Ruto, you can predict ni kusema na kutenda.
Let's hear what he will have to say tomorrow.
