Of wheelbarrows, Ksh 80 Unga and Hasora’s 500 Fund

[Okiya]

@Denis Young ndio hii Tranche 1.

 

[Aviator]

The HF is an innovative initiative that is supposed to disrupt the credit system and allow the people at the bottom to access capital

Is 500 bob what you call capital?
Where I come from, mtu wa mkono kwa mjengo analipwa 600bob daily. You ain't telling me this person will be magically empowered by the loan of 500. Na hio capital atafanyia Nini?

Jomo's govt launched similar initiatives by launching govt banks that lent money at concessional rates to Africans to buy shambas and businesses from wazungus and Indians.

That was loan with purpose. And adequately secured.
The HF is unnecessary, trying to solve a nonexistent problem, and exposed to all manner of risks.

Eti at 8 PC the model is not sustainable (Jomo was lending at around 3pc)

What was the bank rates then? Or should I leave facts out of a juicy story?

I voted for Baba but I have the intelligence and the insight to know a game-changer when I see one, and the integrity to call it for what it is...

I too voted for baba, but I called his 6k monthly promise to be the BS it was. My views on HF would be the same of it was baba offering it.

@Aviator I know for a fact today you are a beneficially of the ADC scheme that Jomo launched.

How the hell do you compare the ADC scheme with HF? This was a real loan for a real purpose, well structured, well guaranteed, not some fuliza shit that can't even afford you a tray of kienyenji eggs.

 

[Denis Young]

@Denis Young ndio hii Tranche 1.

Saa zingine it is important kusoma content so you stop using someone elses stupidity as fact.

Hii ni Ucherera aina gani this D+ 'journalist' amefanya? Ata hakuna hesabu amefanya to show how he came to 75%. First 7.5B is cumulative. This figure doesn't tell us how many times the funds have been borrowed. Somebody could have borrowed 500bob, repaid immediately, borrowed the same amount and paid it immediately. It would count as 1000 borrowed.

Without the actual per user data, nobody can tell you the default rate.

 

[Field Marshal]

Is 500 bob what you call capital?
Where I come from, mtu wa mkono kwa mjengo analipwa 600bob daily. You ain't telling me this person will be magically empowered by the loan of 500. Na hio capital atafanyia Nini?


That was loan with purpose. And adequately secured.
The HF is unnecessary, trying to solve a nonexistent problem, and exposed to all manner of risks.


What was the bank rates then? Or should I leave facts out of a juicy story?


I too voted for baba, but I called his 6k monthly promise to be the BS it was. My views on HF would be the same of it was baba offering it.


How the hell do you compare the ADC scheme with HF? This was a real loan for a real purpose, well structured, well guaranteed, not some fuliza shit that can't even afford you a tray of kienyenji eggs.

I think I should leave you to wallow in your miasma of negativity instead of trying to debunk these low IQ arguments. As they say, you can take Baba's livestock to the river but you can't force it to drink...