Category: Loan
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Help! Bank loan, parents, siblings and girlfriend are draining my salary
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My name is Clarence. I am in my early 30s and the father of a two-year-old boy. I grew up on a half-acre farm. I am the eldest and only child in a family of six, with two unemployed, low-income parents. I earn Sh79,000 after statutory deductions. I have taken…
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I earn Sh131,000 net. How can I pay off a Sh2m loan quickly and build rentals?
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My name is Susan. I am single, in my mid 30s and have no children. I earn Sh131,000 after statutory deductions. However, after other deductions, I am left with about Sh25,000. I took a bank loan of Sh2 million with a repayment period of about three years. About Sh65,000 was…
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Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
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Ledn, a leading digital lending platform, has officially secured a $50 million bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with approximately $4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Leiden and @Signum Official He just made history! ? Sygnum Bank…
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Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
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Ledn, a leading digital lending platform, has officially secured a $50 million bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with approximately $4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Leiden and @Signum Official He just made history! ? Sygnum Bank…
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Should I take a Sh250,000 loan to open a new business for my wife?
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a question: I am married with two children aged five and nine. I work in Nairobi but my family lives in the countryside. This is my third month of work and I am earning a net salary of Sh43,500. My budget is as follows: rent in Nairobi Sh9,000, rent in…
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Bank admits withholding Sh294 million loan from Tuju’s Karen villas project
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An official at the East African Development Bank has admitted that the bank has not disbursed part of the loan taken by former cabinet secretary Raphael Tuju. Mr David Odongo told Justice Alfred Mabia that the loan deal with Mr Tojo was in two tranches, with $9.1 million to buy…
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China cuts 1 and 5 year loan prime rates by 10 basis points each
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
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Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance Simply Asset Finance’s ability to finance businesses across the UK. The agreement strengthens Bank…
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Carlyle, KKR win auction for Discover Financial’s $10B student loan portfolio – FT
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JHVEPhoto/iStock Editorial via Getty Images Private equity firm Carlyle (CG) and KKR (KKR) won an auction for Discover Financial’s (NYSE: DFS) $10 Billion Student Loan Book. The private equity firm’s joint bid beat out a competing bid from Sixth Street, BlackRock (BLK) and Canada. Pension Plan Investment Board, with the…
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Kenya to use World Bank loan to clear Sh65bn Eurobond
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Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for 2014 is expected to allay investor fears that contracted foreign exchange…
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Surge in Loan Enquiries for Private School Fees Amid Potential Labour Tax Reforms
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The number of inquiries for loans to help pay private school fees has risen by a quarter, according to the School Fees Scheme. The company, which helps parents by paying school fees in advance and allowing payment in monthly installments, saw a significant increase in interest compared to the same…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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Kenya taps Israeli loan for upgrade of air defence
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Kenya is acquiring a high-tech missile defense system from Israel using a billion shillings loan from Tel Aviv amid growing security threats in the Gulf of Aden from Houthi rebels and Somalia’s Al-Shabaab. The missile barrier, called the Spyder Air Defense System, will be acquired from an Israeli company, Rafael…