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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,...

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...