Aki, you couldn't have put it in a better way, i was just analyzing loan statements for a next of kin and i tell, "fraud" is an understatement, those interest rates! worse still they are taking advantage of clients with little knowledge on finance, nonetheless, this are symptoms of bad leadership and i similar to what the US has been going through, nonetheless as Alex put it Change is coming...it might take time but we will overcome, by the way i would appreciate a write up on possible solutions to the concerns you have raised since they are well thought
Regards
Aki I totally agree.........
On Sun, Aug 30, 2009 at 9:51 PM, aki<aki275@googlemail.com> wrote:
> On Sun, Aug 30, 2009 at 9:26 PM, Gakuru Alex <alexgakuru.lists@gmail.com>
> wrote:
>>
>> Take heart... change is coming:-)
>
>
> @Alex, self defeating ? Is cheaper internet going to make operational costs
> cheaper? I don't think so. Internet is a very small corner of expenditure
> of most businesses. The effects are not going to be felt to except those who
> are doing large established turnovers. The majority rest will continue to
> feel the effects of almost fake economies i.e expensive borrowing, lack of
> loan peformances, a glut in unemployment and its effects, physical security
> business doing booming business and cost of food, fuel, rent, electricity,
> transport remains high.The Internet is also not going to change anyones
> lives in slum or informal settlement areas who will continue crying out for
> food, basic needs and a better future.
>
> Indeed, banks and other servcie sectors have led the way in conmen schemes
> out to steal and exploit the country with the BIG green light from
> governance.
>
> Try borrowing on that 14-17% on loans and see if it makes any business sense
> to be doing so, unless it can be passed on to end users and higher
> pricing..... :-)
>
> Rgds.
>
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