7 Reasons Why Kenyans takes emergency logbook loans

Logbook loans are secured loans that are taken when one needs money urgently. Many microfinance in Kenya like Bashy African Credit provides access to instant cash with minimal requirements as long as you have a logbook and the car is in good condition. Many Kenyans are turning to logbook loans instead of borrowing from friends and family members. When one business is facing financial problems or has personal financial difficulties and doesn’t have sufficient funds in their savings, logbook l...
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5-advantages of a logbook loan in Kenya

A logbook loan is a loan that one uses his car's logbook to secure a loan. Many People are considering taking logbook loans in Kenya because of many reasons. Let's discuss the advantages of taking a logbook loan. Logbook loans are easily accessible. In Nairobi and Kenya in general, there are many Banks and Microfinance where you can walk in and get a loan using your car. You can even contact their customer service and get advice on how to go about it.  Few requirements While banks and few in...
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5 Best Logbook Loans In Kenya Providers

Sometimes you may need Cash immediately. The only option to save you is to apply for a loan. If you want to take a loan with a bank, it might take a long to process the loan due to the rigorous process. Disbursing these loans is lengthy and cumbersome sometimes. Fortunately, there are micro finances in Kenya that provide quick logbook loans. The problem comes when you want to get a trustable institution to lend you money. Logbook loans are loans taken against your car as collateral. They are ...
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Buying a car for the first time

It's very exciting to buy your first car. However, it is important to do it right to avoid certain pitfalls and ensure you get the best car. Here are a few important things to consider as you shop for your first car. Be honest about your needs What are your motivations for buying a car? Is it to get to work, for weekend adventures, or for transporting goods. Also, consider the environment where you will be using the car. Is it prone to muddy roads etc? Do your research and know the di...
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How to keep your holiday spending on budget

There is such a thing as being too generous, especially during the holidays. Here are some holiday spending tips to help get you through the season with your wallet intact. Value your relationships Write down everyone you plan to give gifts to—from your nearest and dearest to your in-laws and the mail carrier. Then put a figure next to each name. Setting price limits helps you keep your holiday budget on track. 2. Price check with your phone Despite your best intentions, perfec...
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5 steps you can take now to help you clean up your credit report

Sometimes hard times can make you default on your loans. Defaulting on loans will see you blacklisted by CRB. Learn how to get your CRB clearance certificate.   What is CRB? CRB is an acronym of Credit Reference Bureau. CRB is therefore a company that is licensed by the Central Bank of Kenya (CBK) to collect (upon request by lenders) credit information from companies and individuals. Credit information include Your national ID, Names, Email, Phone Number, Emplo...
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5 Strategies to Help Your Small Business Survive Hard Times

Recession is a scary word for every business. But, it’s particularly worrisome for small businesses who may not have the same financial cushioning as large companies. Some say a recession is coming, while others say that it’s already here. In either case, you must develop a strategy to recession-proof your business, and you should do this now. As the economy takes a deeper dive, it will be much harder for you to timely respond and keep your business afloat. This isn’t something you pla...
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Ways of Rebuilding Your Business After Covid 19

The COVID-19 outbreak has wreaked financial havoc around the globe, leaving many small-business owners struggling in its wake. According to recent research, as of March 30—still early in the crisis—92% of small businesses said they had suffered negative effects as a result of the pandemic. Just 5% of small-business owners said they had experienced no effects at all. While the short-term outlook for small businesses varies greatly by industry, it’s important to consider what recovery mode wil...
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How to import a car from Japan

When you got to import a secondhand car into Kenya there are smart ways to try to do so before getting all engrossed within the action. To form yours a fluid, compliant process, here are important considerations to form beforehand.  Know your Responsibilities Firstly, it's important you think about importation of used car laws in Kenya. These are availed by the Kenya Bureau of Standards (KEBS) in coordination with the Kenya Revenue Authority, and enforced by the ...
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What to consider when you want to refinance a loan

Refinance
If you have a loan that’s too expensive or too risky to continue to make payments on, you often can refinance it into a better loan. Your financial circumstances may have changed since you first borrowed the money, and more beneficial loan terms may be available to you. Whether you’ve got a home loan, auto loan, or other debt, it's worth learning about what refinancing is and what benefits and risks it presents so that you can potentially shift your debt in a more manageable...
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