Category Archive

Personal finance

Loan Collateralization

Laurent Saint Blog / Loans / Personal finance January 23, 2023

what is a collateralized loan? Usually, when applying for a loan you personally guarantee its repayment in full. This includes putting your assets in line to cover the loan in case of a default. This is called collateralization of the loan. Collateralization is the act of using an asset as…

How to beat the recession

Laurent Saint Blog / Personal finance January 17, 2023

with the current economic headwinds in Kenya, a recession is inevitable. A recession is a period of economic decline characterized by a decrease in the gross domestic product (GDP), employment, and trade lasting typically for six months or more. Recessions are usually accompanied by a drop in consumer spending, business…

SECURED LOANS

Laurent Saint Blog / Loans / Personal finance January 11, 2023

Kenya’s finance sector offers a lot of loan products. Secured loans are those that have collateral—an asset the debtor promises as collateral for the loan—as its backing. If the borrower defaults on the loan, the lender may seize the security to recover their losses. Collateral acts as an assurance that…

How to improve your credit rating in 2023

Laurent Saint Blog / Debt / Personal finance December 26, 2022

Having a good credit score is important for a variety of reasons, including making it easier to obtain loans and credit cards, qualifying for lower interest rates, and potentially even increasing your employment prospects. In Kenya, credit scores are used by financial institutions and other lenders to assess an individual’s…

10 tips to help you take control of your debt

Laurent Saint Blog / Debt December 16, 2022

Debt can be overwhelming and often feels like a never-ending cycle of payments and interest. I know this feeling all too well, as I used to be buried under a mountain of fuliza debt and personal loans. But, with determination and the right strategies, it is possible to take control…

Types of check-off loans

Laurent Saint Blog / Loans / Personal finance December 12, 2022

In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments being deducted directly from the employee’s salary. The employer acts as a facilitator of the loan, as they are responsible for deducting the loan payments from the employee’s salary and…

Check Off Loan

What is a check-off loan? A check-off loan is a type of loan provided by an employer to an employee, with the loan payments being deducted directly from the employee’s salary. The employer acts as a facilitator of the loan, as they are responsible for deducting the loan payments from…