Nowadays in every estate, there are lenders that have occupied every shopping street. All you will need to do is to take your laptop or any other household item and you will be given a loan. The uptake of the loans usually pick on 20s of each month when the salary is no longer able to take one through the whole month.
Granted, loans are good and they are the lifeline of any business. In fact, very few businesses would survive were it not for the business credit extended to them. And certainly, there have been many business loans from both the private sector and the government. Some of the loans that have been initiated by the government include the Youth development fund loans and the women’s development fund. Some other funds such as the Acumen fund have also been instrumental in providing start loans to small and medium enterprises (SMEs).
However, a majority of the loans issued today are personal loans. Big banks such as Barclays bank, Standard Chartered bank, Equity bank, KCB and the Cooperative bank have gone full circle as they seek to give out loans. In fact, many of the banks make profit from charging interest on loans. The current generation, or referred more clearly as Generation Y (born between 1979 and 1992), are in pressure to keep up and maintain a certain lifestyle. When they get that job from the private sector or the government, many hope that they will certainly be able to live the life of their dreams, as idolized by their favorite celebrities on TV.
However, as anyone will have realized, the expenses shoot up immediately the salary increases, and thus one is unable to maintain their desired lifestyle. This makes them resort to personal loans, and the banks are only too eager to dish them out. This has created a generation that is living on debt, largely because that nice car must be maintained, the house furnished and life in the leafy suburbs must continue. Every paycheck goes into servicing the debt and the little left is used to secure another loan and the cycle continues.
Are you a business man or woman? Do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offers guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) at our superb interest rate of 3%. For application and more information send replies to the following E-mail address: standardonlineinvestment@gmail.com
ReplyDeleteThanks and look forward to your prompt reply.
Regards,
Abdul