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How to Successfully Get a Bank Loan in Kenya

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  All photos: Courtesy Getting a bank loan in Kenya can be a rigorous process, but with proper preparation and understanding of the requirements, you can increase your chances of success. Here are some steps you can take to successfully get a bank loan in Kenya: Determine your loan purpose: Before applying for a bank loan, you should have a clear understanding of the purpose of the loan. This will help you choose the right loan product and lender that best suits your needs. Check your credit score: Your credit score plays a significant role in determining whether your loan application will be approved or rejected. Therefore, it's essential to check your credit score and ensure it's good enough to qualify for a loan. Gather necessary documentation: You need to provide certain documents to support your loan application. These documents may include your national ID card, passport, KRA PIN certificate, bank statements, and payslips, among others. Make sure you have all the required...
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Health is not just the physical health, there is more...

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  Dimensions of Wellness You have often heard people say, “Health is Wealth!” but which kind of health are most of them talking about? Health is a holistic term that brings together several dimensions as defined below. Wellness is a lifestyle that involves taking care of one’s physical, mental, and spiritual health. It is a process that engages the mind, nurtures the spirit, and fuels an individual’s body. To ensure that an individual lives a healthy life, several dimensions of wellness need to be put into consideration, they include the physical, intellectual, emotional, social, spiritual, occupational, financial, and environmental. Therefore, health is not just the physical health we have inscribed in our minds, there is more to it. These different dimensions are interdependent and neglect to any will negatively affect others.  Physical dimension The first dimension is the physical dimension which entails carin...
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  "I don’t know what happens to people right after wedding?" More oftentimes than not, you have had people lamenting that their spouses changed immediately after their marriage or after some time. When people are dating, they are usually in deep love; they call each other romantic names such as, ‘sweetie’, ‘babe’, ‘hun’, and so many other sweet names. After successful dating for months or even years, they decide to walk down the aisle and proclaim their undying love for each other. A few months or years down the line, things change! They start shouting at one another, claims of infidelity emerge, priorities change, and the one happy couple suddenly have problems. But what is the cause of all of this? Love Languages According to Gary Chapman, the author of The Five Love Languages: How to Express Heartfelt Commitment to Your Mate (1992), our loved ones understand and yearn for one or more of the five love languages, which are, Receiving Gifts; Acts of Service; Words of A...
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How to get a bank loan in Kenya

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  How to get a bank loan in Kenya Bank facilities are important for both employed and self-employed people, and small businesses as well as corporates. Development loans are healthy loans while consumer loans are just a trap. The most common and important loans include: asset finance loans, project loans, agriculture-based loans, business loans, Local Purchase Order (LPOs) financing and mortgage loans. School fees and personal loans (for consumptions) are also common but you do not really need them. Before we look at the simple steps you should follow for you to secure a financing in Kenya, let’s take a look at the following highlights: 1.      Before you apply for a loan, first sit down and write a clear budget of what you want to execute. This will prevent cases of being under-financed or over-financed. If you are under-financed, it may either be difficult to get an additional financing or the entire process will be very costly. If you are over-financed,...
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All you need to know about making personal investments

  All you need to know about making personal investments Are you in 30’s? This is the most perfect age to start reshaping your life. At this age, most people have already secured their first jobs or are in their first businesses. Either way, you only have 10 years to begin your life, as they say. Straight to the point, most young people are in dilemma on what kind of investments to prioritize and which to execute in their later years. Before we look at the available investment options, let’s first look at the don’ts: 1.      Don’t put your money on long-term projects when your cash flow is not stable. 2.      Don’t expect quick returns from your investment, as a matter of fact, avoid dealing with investments promising quick returns. 3.      Don’t execute more than one investment concurrently. Deal with one investment to its entirety before starting another one. 4.      Research well before p...
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