DREAMS MUST BE FUNDED Introduction One of the things that humans have in common is the capacity to dream. It’s human nature to desire good life. In the same vein, humans also go out of their way to avoid pain. The freedom of thought is inborn, and cannot be denied or controlled by governments. Therefore, … Continue reading DREAMS MUST BE FUNDED
WHICH COMES FIRST, MONEY OR IDEAS? Introduction If you asked the estimated 7.3 billion people in the universe to choose between money and ideas, I can comfortably bet that a very big majority would without second thoughts quickly opt for the tangible commodity-money. Very few of us are like King Solomon of the Biblical times, … Continue reading WHICH COMES FIRST, MONEY OR IDEAS?
Introduction Financial intermediation entails bridging the gap between resource surplus units or savers with resource deficit units, the borrowers. The surplus or deficit units may be individuals, for- profit, not-for profit firms or nations. Commercial banks, development finance institutions, Savings and Credits Cooperative Societies ( Saccos) and deposit taking micro finance institutions are authorized by … Continue reading DEMYSTIFYING THE PURPOSE OF COLLATERAL IN LENDING