On Fri, Apr 17, 2009 at 6:57 PM, Davis Waithaka <daviswaithaka@gmail.com> wrote:

I agree with Thuo, Safaricom is not in the business of loaning money,
but they can reduce their 'risk' to nil (or close to nil) if they keep
the loaned calls strictly within their network. Why? well, because it is
like taking money from one account at safaricom to another account at
safaricom. In case 1 million people default, safaricom will simply have
a hole on paper but not in real life. However, if the borrowers called
Zain lines and then defaulted, the hole in safaricom's books would be
real because they would actually receive an invoice from Zain,.. they
would pay for this with real money..thus be exposed.

On Fri, 2009-04-17 at 18:28 +0300, Gakuru Alex wrote:
> What I meant was that the Japanese culture discourages living on
> credit. Yes, we could turn CCK into our punching bag fro everything
> gone sour in ICT, but, we have a duty NOT to accept any 'unnecessary'
> no matter how tempting loans. It traps populations into debt cycles
>
> Soft read:
> --
> "Dr Williams warned the House of Lords that the poorest people were
> trapped in a cycle of borrowing.
>
> During a Lords debate tabled by Dr Williams, he also called for
> tighter controls on credit firms.
>
> He said the children of low-income families were caught in a
> "particularly toxic version of the poverty trap"
> <http://news.bbc.co.uk/1/hi/uk_politics/7366306.stm>
> --
>
> Hard read:
>
> "THE ROLE OF HISTORY AND CULTURE IN DEVELOPING BANKRUPTCY AND
> INSOLVENCY SYSTEMS: THE PERILS OF LEGAL TRANSPLANTATION" ( read
> 'Global Financial Crisis')
>
> <http://www.bc.edu/schools/law/lawreviews/meta-elements/journals/bciclr/28_1/01_TXT.htm>
>
> Cheers,
>
> On Fri, Apr 17, 2009 at 5:44 PM, joe mwirigi <joemwirigi@gmail.com> wrote:
> > $afcom seems to be employing some gambling rules these days or those casino
> > things.
> > They excite you then you fall for the deal then they inform you 'you've been
> > charged....'
> > Their promotions these days are not purely to cement user loyalty like
> > before. like Lipua mamilioni, you become exited and dam& 3.50 bob gone. Its
> > not much but.... I first felt cheated so cheated but i now understand their
> > game. next it might be ;please call me' and the rest
> > Ibibe Systems We believe so we can
> >
> >
> >
> > On Fri, Apr 17, 2009 at 5:33 PM, Paul Mathu <mails.mathu@gmail.com> wrote:
> >>
> >> Its beats the logic controlling who i call, In case of a bank loan, who
> >> cares whether go on a holiday or wateva! i just have to ensure i repay..
> >> same here, it does not matter who i call!
> >>
> >>
> >> On 4/17/09, imelda Mueni <mueni0@gmail.com> wrote:
> >>>
> >>> dont we kenya,s complain so much
> >>>
> >>> On Fri, Apr 17, 2009 at 4:46 PM, Alex Nderitu <nderitualex@gmail.com>
> >>> wrote:
> >>>>
> >>>> They call it playing safe. We are peculiar remember.
> >>>>
> >>>> -----Original Message-----
> >>>> From: Ken Teyie <kenteyie@gmail.com>
> >>>> Reply-to: Skunkworks forum <skunkworks@lists.my.co.ke>
> >>>> To: Skunkworks forum <skunkworks@lists.my.co.ke>
> >>>>
> >>>> Subject: Re: [Skunkworks] Safcom credit credit
> >>>> Date: Fri, 17 Apr 2009 16:36:47 +0300
> >>>>
> >>>> ha ha ha why would you throw away a line you've used for over "12
> >>>> months" just because you owe Safaricom a 50bob!
> >>>> That is just a gimmick to make guys spend more money on the network.
> >>>> It is easy money for Safaricom. CCK should come in!
> >>>>
> >>>> On 4/17/09, Alex Nderitu <nderitualex@gmail.com> wrote:
> >>>> > When you call someone on another network, it means they will pay the
> >>>> > interconnection charges for you and who knows you may decide to throw
> >>>> > away the line.
> >>>> >
> >>>> > -----Original Message-----
> >>>> > From: Tech List Kenya <techlistkenya@gmail.com>
> >>>> > Reply-to: Skunkworks forum <skunkworks@lists.my.co.ke>
> >>>> > To: skunkworks@lists.my.co.ke
> >>>> > Subject: [Skunkworks] Safcom credit credit
> >>>> > Date: Fri, 17 Apr 2009 16:27:04 +0300
> >>>> >
> >>>> > Safcom charges a whole 5 bob when u 'request' for that 50 bob
> >>>> > emergency credit. Well, at that point safcom is doing me a favour so i
> >>>> > think they have the right (but a whole 10%?!).
> >>>> >
> >>>> > Anyway, my beef is, why do they have to control who I call? Its my
> >>>> > damn money now! In any case, being an emergency, i should be able to
> >>>> > call anyone!
> >>>> >
> >>>> > CCK guys, do i have an argument here?
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> >>
> >>
> >>
> >> --
> >> Regards
> >>
> >> Mathu
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--
Davis Waithaka <daviswaithaka@gmail.com>
Systems Kenya Solutions

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