College of Credit Management Kenya. CCM-Kenya

College of Credit Management Kenya. CCM-Kenya 1. Debt Literacy Training.
2. Debt/Rent Collection.
3. Metropol CRB agent 205550
4. Table Banking

08/02/2023

Credit score helps the bank in giving borrowers with similar risks, same loan limits. And because these decisions are automated, it leaves the banks with time to focus on more complex SME cases thereby improving the loan application process.
Also credit scores helps the bank in planning ahead. By looking at your credit score, the bank is able to predict who will pay, who will struggle and who will default.

06/02/2023

If you start borrowing development loans from a bank at the age of 30 years, either through your salary or business, with an average period per loan being 5 years, then you should have borrowed 5 times before you attain your retirement age.

Make every loan count to avoid debt distress during retirement age.

02/02/2023

Suppose a small business owner has been struggling to make ends meet and has accumulated debt of Kes 100,000.
By understanding consumer protection laws, the business owner is able to identify predatory lending practices and find a reputable credit counselor who helps them create a debt management plan.

01/02/2023

Microfinance institutions that has been sold recently;

1. Maisha Microfinance Bank has been acquired by Cactus Cantina Investments Limited.
2. Key Microfinance, formerly Remu was acquired by LOLC Holdings —a Sri Lankan firm
3. Century Microfinance Bank was also acquired by Branch International Ltd, a San Francisco, California-headquartered financial technology firm.
4. Kajiado-based Choice MFB started by Kenyans abroad was acquired by Wakanda Network Ltd – incorporated in London.
5. Uwezo Microfinance, was in May 2021 fully acquired by Salaam African Bank — a Djibouti lender.
6. SMEP Microfinance is looking for a buyer since 2020.

31/01/2023

If you can't qualify for a bank/sacco loan , join/create a group with like minded individuals and begin a strong Table Banking initiative. You will never get stuck!

31/01/2023

CBK's Monetary Policy Committee met yesterday and retained the Central Bank Rate (CBR) at 8.75% meaning that banks will not raise loan interest rates at least for the next 2 months.

30/01/2023

It is advisable to use budgeting techniques to track your income and expenses.
This will help you to make a plan to pay off your debt.
Additionally, it will help you understand how much money you have available to pay off your debt and prioritize which debts to pay off first.

30/01/2023

Savings and cooperative organisations (Saccos) are buying off bank loans from members spooked by the upward revision of rates by lenders switching to risk-based pricing models. Business Daily

28/01/2023

Debt literacy is a continuous process that requires constant learning and updating such that the more you know and understand about debt, the better equipped you will be to make informed decisions about borrowing and managing your finances.
Also, it helps you to know your rights as a borrower and be aware of the laws and regulations that apply to debt collection, credit reporting and other credit related issues.

28/01/2023

Debt literacy is a key to financial stability and wealth creation, and it is important for people to learn about it to make informed decisions about their finances.
Acquiring debt literacy skills is very important but some peole avoids it because;
1. They feel ashamed or embarrassed about their debt situation and may not want to talk about it or seek help.
2. Others are resistant to change, and may be hesitant to make changes to their spending habits or budget in order to manage their debt.
3. Some are over confident that they dont need anyone to interfere with how they hand debts.

26/01/2023

Before you start investing with a sacco, make sure you do your due diligence to safeguard your investment. For instance,
1. Visit SASRA website and check whether the sacco has obtained an upto date License.
2. Investigate how it is performing in times of dificulties eg did it continue to pay dividends during the time of Covid 19, has there been positive structrural changes to address a unique market need-Resilience
3. Assess whether the sacco is very concerned in uplifting well being of members and society at large by offering sustainable products and services that are also affordable.

26/01/2023

Daily Nation has reported that bad loans from banks have increased by 2.5% (31 Billion) due to hard economic times.

Address

Muranga Town
Murang'a

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Saturday 09:00 - 12:00

Telephone

+254724427405

Website

Alerts

Be the first to know and let us send you an email when College of Credit Management Kenya. CCM-Kenya posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to College of Credit Management Kenya. CCM-Kenya:

Shortcuts

Share

Category