Money Talk Friday – The Mob Psychology in Spending HELB loans
Loans are never a welcome thing, especially when it comes to repaying them. I want to talk to those in campus right now, specifically public universities. Those who access HELB as it is famously known. It is a loan from The Higher Education Loans Board. Let me remind…
You Wont Get a Bank Loan if you Owe HELB.
Former, current and new beneficiaries could miss out on bank loans according to new regulations by the higher education lender Higher Education Loans Board (HELB) The lender has partnered with the Credit Reference Bureau(CRB) in its bid to recover loans owed by former beneficiaries. The bureau capitalises on information sharing…
So You Need a Loan to Finance Your House Huh?
Project Finance. That is what Housing Finance, one of Kenya’s biggest mortgage lenders is calling the service. The innovation, aimed at both aspiring and established property developers, is based on a type of financing based on anticipated cash inflows or income of the property being developed. Simply, the…
Banks Offer Solution To High Interest Rates; Mobility of Collateral
The commercial banks through the Kenya Bankers’ Association have tabled new proposals aimed at convincing legislators to drop their quest to control interest rates. One of the key proposals is to allow banks to transfer existing loans to cheaper rivals- mobility of collateral. This ability to transfer loans means the…
Banks Resist Interest Rate Control.
Commercial banks have remained adamant on the issue of control of interest rates by parliament. Gem MP Jakoyo Midiwo sparked the interest rates debate with his bid to amend the Finance Bill to insert a clause that sets a base for deposit rates and a cap on lending rates. The proposed…
Interbank Rates Dip
The interbank rate, the cost at which commercial banks borrow from each other, has fallen to almost the same level as the Central Bank Rate (CBR). The CBR is the rate at which commercial banks borrow from the Central Bank. Last week, the Monetary Policy Committee (MPC) decided to keep…
Good Debt, Bad Debt?
Debt is a dirty word… isn’t it? It is something that we all strive to avoid, something we don’t want to be associated with, and something we shy away from. Whatever the case debt is something we cannot avoid. It is something we all identify with;…
CBK expected to maintain CBR despite falling inflation
The Central Bank of Kenya’s Monetary Policy Committee (MPC) is expected to hold a meeting this week. The Central Bank’s principal objective is the formulation and implementation of monetary policy directed to achieving and maintaining stability in the general level of prices. The aim is to achieve stable prices –…
Equity Bank to give more loans to SMEs
Equity Bank Group announced that it has teamed up with the International Finance Corporation (IFC) to extend more loans to micro, small and medium size enterprises, agricultural projects and women entrepreneurs in the region at a press conference held at their headquarters on Wednesday 28th March 2012. The…
Lenders to Benefit from Accessible Borrowers' Information
Sharing of information about borrowers and their repayment habits has a significant impact on efficiency and expansion of the credit markets. Speaking at the launch of the second phase of the Credit Information Sharing (CIS) project, Central Bank of Kenya Governor…
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