What comes to mind when you hear check-off loan? The first thing to understand about check-off loans is that they are a transaction between the company you work for, the financial institution that gives the loan, yourself (as an employee of the firm), and your income. If you need money quickly, a check-off loan is […]
When your relatives or friends are struggling financially, lending money to them can be a kind gesture. However, it can become troublesome if your efforts to assist result in conflicts or you encounter financial problems as a result. Truth is, we have all found ourselves in a situation where we could not say ‘no’ to
In Kenya, check-off loans, also known as salary-deduction loans, are a common form of credit offered by employers to their employees. These loans are deducted directly from the employee’s salary, making them a convenient way for employees to access credit. The employer plays a key role in facilitating check-off loans for their employees and is
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 the employee’s salary and
The great-souled, Mr. Mohandas Karamchand, once said that the customer is THE most important visitor that a business can ever have. That the whole universe, and by extension, the existence and sustenance of any business, wholly depends on the customer. Without the customer, nothing in a business works, and nothing ever will. Thus it’s our
There is a man whose picture is in money. He has half-hippie hair and a ghost smile that makes you think he learned to knit using a walking stick. One day, this man wrote. And said, that the only two things certain in life are death and taxes. He should have added M-Pesa. That old
A salary advance loan or simply a salary loan is a short-term loan extended to salaried professionals working in the private or government sector.
On the philosophy of a more accessible, reliable, and dignified way when it comes to the availability of credit.
