[kictanet] Conflict of Interest
S.M. Muraya
murigi.muraya at gmail.com
Fri Sep 28 16:52:46 EAT 2012
How do we compete with people paying 30% or 40% the interest we do?
Are "community" funds / loans subject to CBK rates?
On Sep 28, 2012 4:42 PM, "Dennis Kioko" <dmbuvi at gmail.com> wrote:
> But Interest rates are quite high here at around 20%. Wouldn't raising it
> impede credit to local manufacturers?
>
> Bureaucracy remains a big obstacle to local businesses and manufacturing.
> Lots of licensing, requirements and fees needed before one establishes a
> new venture.
>
> Focus should shift from trying to reap from those establishing ventures to
> already established.
>
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