Fuliza Nation

[Jug]

Ii maneno ya kufuliza madeni naona inaandamaa ii nchi kila mahali. Uko juu Uhunye anacheza kiyeye na mafuliza kutoka kila pande ya dunia. Raia pia nao hawajabaki nyuma nikufuliza tu.

Ii maneno ya Fuliza nilikata, Mshwari pia nayo niliwachana nayo, iyo rat race ilikuwa inanimaliza.

#KukopaNation, #Fuliza tings

 

[mzeiya]

Never fulizad but people who do it aren't necessarily broke. As @Aviator put it juzi, one doesn't become rich by saving. A friend who works with KCB line of mobile credit shared recently that there are many biz people who constantly borrow, make money, repay and borrow some more and it has become a lifestyle for them.

 

[The.Black.Templar]

How much of that is unpaid?

 

[Aviator]

Never fulizad but people who do it aren't necessarily broke. As @Aviator put it juzi, one doesn't become rich by saving. A friend who works with KCB line of mobile credit shared recently that there are many biz people who constantly borrow, make money, repay and borrow some more and it has become a lifestyle for them.

Am wondering how 21m Kenyans borrowed 245B (an average of 10k per fulizerer) yet my limit is a mere 3k

 

[Kasaman]

Never fulizad but people who do it aren't necessarily broke. As @Aviator put it juzi, one doesn't become rich by saving. A friend who works with KCB line of mobile credit shared recently that there are many biz people who constantly borrow, make money, repay and borrow some more and it has become a lifestyle for them.

The youngsters in
Equity bank used to make real monies through those overdrafts !

 

[Tiger Bone]

Kidogo kidogo unamake deal unaskia "nanii usitume Kwa hii ya kawaida, Wacha nikupe ingine Niko na fuliza"

 

[Mr Black]

Never fulizad but people who do it aren't necessarily broke. As @Aviator put it juzi, one doesn't become rich by saving. A friend who works with KCB line of mobile credit shared recently that there are many biz people who constantly borrow, make money, repay and borrow some more and it has become a lifestyle for them.

The number of Kenyans on CRB paints a different picture, personal consumption has always taken the biggest share of loans (both mobile money loans and bank loans), given our low savings rate the conclusion is pretty clear-cut, Kenyans have to borrow to fund day-to-day living expenses

 

[Ramiran]

Never fulizad but people who do it aren't necessarily broke. As @Aviator put it juzi, one doesn't become rich by saving. A friend who works with KCB line of mobile credit shared recently that there are many biz people who constantly borrow, make money, repay and borrow some more and it has become a lifestyle for them.

In short there are maybe several thousand Kenyans who use the loan facility and it actually builds them or their businesses UP, then there are millions of Kenyans who use it and get into a never ending spiral of debt.

 

[Ramiran]

The number of Kenyans on CRB paints a different picture, personal consumption has always taken the biggest share of loans (both mobile money loans and bank loans), given our low savings rate the conclusion is pretty clear-cut, Kenyans have to borrow to fund day-to-day living expenses

Majority of those on CRB are people who took loans just because they could and the money did not go into any income generation activity.

 

[Aviator]

The number of Kenyans on CRB paints a different picture, personal consumption has always taken the biggest share of loans (both mobile money loans and bank loans), given our low savings rate the conclusion is pretty clear-cut, Kenyans have to borrow to fund day-to-day living expenses

See, fuliza loans are just temporary measures. You won't get 10m from fuliza. And for a bank to give you that, they need to be convinced that you have a good head.

So yes, there are many Kenyans on CRB, but their amounts is a shadow compared to the overall borrowing in the country.

 

[Introvert]

Kidogo kidogo unamake deal unaskia "nanii usitume Kwa hii ya kawaida, Wacha nikupe ingine Niko na fuliza"

Nimewahi lipa jamaa wa kazi na M-Pesa, kumbe saa hiyo amefuliza.

Alinitusi.

 

[Magreb]

Nimewahi lipa jamaa wa kazi na M-Pesa, kumbe saa hiyo amefuliza.

Alinitusi.

Na sii angefuliza tena? The day I decided to default on mobile loans ndio nilijitoa kwa shimo. Zangu zilikuwa unalipa SAA sita mchana usiku kwa bar unakopa tena leading to a vicious cycle. Nilifika mahali where someone combed me to default ndio nilipe pole pole. Tala walinipigia mpaka wakaachana na mimi.

 

[bigDog]

Watu wa fuliza, have you ever checked at those interest rates?

 

[Tiger Bone]

Nimewahi lipa jamaa wa kazi na M-Pesa, kumbe saa hiyo amefuliza.

Alinitusi.

Si ungeita Omosh

 

[Introvert]

Si ungeita Omosh View attachment 31386

Omosh aliona bazu amekunja mukia akajifanya simu imelia akajitoa.

 

[Mr Black]

Majority of those on CRB are people who took loans just because they could and the money did not go into any income generation activity.

When 14million out of your 22.3million working population are listed as having failed to repay their loans iko shida

Did you know our poverty rate nationwide stands at 49%, and we define poverty as anyone making around 5220bob a month, this is the definition of a hand-to-mouth economy. Any extra coin available will be directed at pending bills not investment

 

[QuadroK4000]

Majority of those on CRB are people who took loans just because they could and the money did not go into any income generation activity.

Very sad.

 

[Kasaman]

Na sisi birionea tuketi wapi ? Ama wachatu.

 

[zapp_brannigan]

Watu wa fuliza, have you ever checked at those interest rates?

Some are not interested in the rates ,provided watapewa pesa the rest is none of their business .Those lenders are the only people who can lend them money wengi wamechoma CV mtaani .

 

[Ramiran]

Very important to note that the corrupt .ke political class is very happy with this massive public indebtedness because it renders millions powerless and willing to do anything for a few shillings.