Friday, April 26, 2024

Loans

How Co-op Bank funded Two Rivers mall

Co-operative Bank was among the top financiers that saw the birth of East Africa's largest mall, Two Rivers. It has emerged that Co-operative Bank gave...

Banks go slow on lending as loan defaults rise

Kenyan banks have gone slow on offering credit as more borrowers default on their loan repayments. According to data from Central Bank of Kenya (CBK)...

ICDC starts offering loans at 13 per cent

Industrial and Commercial Development Corporation (ICDC) has announced a three percentage point reduction in loan interest. The State-owned ICDC said on Monday that it has,...

Is your loan still expensive? How installments are calculated under new interest rates

BY MUNGAI KIHANYA Direct proportions are very easy to comprehend. This is when a change in one quantity produces a proportional variation in the other....

How to make borrowed money work for you

One has to think really hard before borrowing money in these tough economic times, but it’s not impossible to make it work for you Before...

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