tag:blogger.com,1999:blog-9317825.post111874318555205066..comments2023-10-30T15:29:59.720+03:00Comments on Bankelele: (Non) Banking Challenges in Kenyabankelelehttp://www.blogger.com/profile/01180926084939364063noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9317825.post-1118983599054866412005-06-17T07:46:00.000+03:002005-06-17T07:46:00.000+03:00re in-duplum: credit cards charge way more than an...re in-duplum: credit cards charge way more than anyone, and no one complains because it is accepted for what it. it's not fair to limit banks especially since it is a willing informed borrower who signs the agreement.<BR/><BR/>agreed on the court system, security and telkom costs.bankelelehttps://www.blogger.com/profile/01180926084939364063noreply@blogger.comtag:blogger.com,1999:blog-9317825.post-1118879172684805182005-06-16T02:46:00.000+03:002005-06-16T02:46:00.000+03:00"In-duplum" does not make sense since it only enco..."In-duplum" does not make sense since it only encourages defaulters! Basically, if I accumulate enough (unpaid) interest to equal my original loan, why would I even want to pay it back since after Interest=loan the loan is interest-free! Those in favour of the rule should lend me money!<BR/><BR/>The high cost of borrowing is also a function of poor/slow court system where banks spend more to clooect the loans than what they make in interest! So they tack on a higher margin for good borrowers.<BR/><BR/>Costs to keep cash safe e.g. guards, vaults, etc add to fees charged by banks! I saw bank branches in supermarkets in the UK - which cost less to build & maintain than the banking centers in Kenya.<BR/><BR/>ATMs use phone lines which are difficult to obtain coz of Telkom's inefficieny & expensive! Calls in the UK cost less than 7pence - depending on the deal you get. In Kenya, it costs much more!Anonymousnoreply@blogger.com