At times we are faced with a decision to make when money comes our way ,After reading so many books about investment and watching tutorials and the like ,there comes a time when one is faced with the reality that just maybe we don't know what to do with a sizable chunk of money should … Continue reading What I would do with 100k..
There is no question that 2020 was a disaster for many people and that was to a greater extent caused by the coronavirus pandemic .Most of us thought come 2021 we would turn a new page with reduced cases and a return to normal life but three weeks into 2021 it appears its 2020 all … Continue reading 2021, Debt reduction year
It’s no secret that we save in order to afford certain things in the future .The very fact that we are saving today means we want to be able to afford something that we dream of at some point in the future ,This might be for many reasons such as ,affording a car ,building a … Continue reading How Inflation affects your savings
I have been a member of a village banking group for a few years now and all those years have been pretty smooth .There has been though some level of default but nothing to wipe out the savings of the members in the group .That can not be said of other village banking groups that … Continue reading Avoiding Default in village banking groups
As we close the year 2020, there are many words on people’s lips to define what the year had been. I am not entirely sure there would be a fitting narrative to 2020 as most of us describe it by the severity of its effects on us. From Covid 19 going on throughout the year … Continue reading Whispers of 2020
Village banking is a phenomenon that has taken the African continent by storm. It’s a bridge between the banked and un-banked in our society and teaches valuable lessons in savings and borrowing money for whatever purpose. There are many variations to this idea. However, the basic principle remains the same.
Its money pooled together by a group of people who meet at frequent intervals say every month
Each member of that group contributes/saves an amount every month with a minimum figure agreed on before hand .The borrowing model is such that each member by the end of the cycle will borrow either the set number of times or at least once ,depending on the borrowing needs of others as well as the constitution of the group .
Groups have a set cycle ranging from weeks up to a year and other might just stretch it a couple of years. It’s…
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Village banking is a phenomenon that has taken the African continent by storm. It’s a bridge between the banked and un-banked in our society and teaches valuable lessons in savings and borrowing money for whatever purpose. There are many variations to this idea. However, the basic principle remains the same. Its money pooled together by … Continue reading Getting the most from your village banking experience
As we grow older and move away from our guardian’s homes, we are faced with the inevitable decision of whether to have or not to have kids. Of course, before that there would be for some the decision of having a family with a partner of alone. Whichever way the individual chooses ,families do not … Continue reading The financial decision of having kids
Investing is something that should be done by spreading your risk .You achieve that by investing in different vehicles to realize a healthy return from your portfolio .A mix of different assets in your portfolio is desirable but that will largely depend on your risk appetite as well as how much and when you want … Continue reading If you Invested K100,000 in Bata in 2014, this is how much it would be worth in 2020
To start with there are a lot of options available with commercial banks and other micro finance institutions providing a wide range of agricultural financing and one would do well to look at the different products and see how they suite their needs .One thing is certain though that getting funding from these sources is … Continue reading Raising Seed Capital for farmers .