The last few days to payday have been a mystery for many people since the invention of monthly salary systems. We have read thousands, if not millions of essays on how to survive these days. Budgeting advise is probably one of the most read pieces of advise the…
With advancing technology, lenders are looking for the most convenient ways to get security for loans they give to borrowers. Use of social media profiles by LendUp in the US is an example.
Safaricom Ltd is launching a mobile money based credit scheme, M-Shwari, a product that will allow M-Pesa subscribers to save and borrow money using their phones. This new product will mainly target micro-savers and borrowers. It will enable users to open a mobile bank accounts, into which they can deposit as low as KES 1
Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.
The Treasury has set in motion plans to enact a law that will see defaulters of utility bills such as water, electricity and telephone blacklisted by banks. Says The Business Daily. The new regulations will be part of the credit information sharing law that has been used to bar…
October will probably go down as one of the toughest months this year. Fuel prices shot up accompanied by increase in electricity bills and possible rise in food prices. Worst still, the 27th and the 28th fall on a weekend, meaning, if salaries were processed on Friday evening,…
It all begins by making a commitment to get out of debt and possibly staying out of debt. Showing such an interest is a major step towards getting out of debt. Let this one step lead to another which will eventually lead you out of debt.
Yesterday we broke down all you might need to know about Okoa Jahazi, a credit airtime purchase service by Safricom. Today we take a look at Kopa Credit, a similar offered by Airtel Kenya. Airtel subscribers who find themselves stranded and unable to purchase…
Growing up I was led to believe that debt was an adult thing. I vividly recall what my mother told me when she found out that I owed someone some cash, she said, “Matt, you are too young to be in debt.” That statement stuck in my mind…
Okoa Jahazi is a service by Safaricom that lets you access airtime on credit and pay later. Considering the fact that most of us have at one point desperately needed airtime but were unable to purchase some due to one reason or the other, this service is helpful…