Only unemployed and guys in contract jobs and self employed people will understand this .
Getting loans from banks without a payslip is almost near impossible
Saccos allow you to borrow upto 4 times your savings without a payslip .
The World Bank has given Kenya more than 10 conditions before it can access the next round of loans.
Here are 10 of the main conditions explained in simple terms.
Thread below:
The signs of a sovereign odious debt default are now very clear, even for those who have no brains, because a government that has borrowed everywhere, taxed everything, sold public assets, squeezed workers through deductions and now wants SACCO savings is no longer looking for development money, it is looking for survival money.
Banks built a comfortable debt circle with government, where lending to the state became easier, safer and more rewarding than taking risks with SMEs, traders, farmers, contractors, manufacturers and ordinary Kenyans trying to keep their biasharas alive.
That relationship slowly choked the real economy, because banks preferred government paper, Treasury kept borrowing, SMEs were starved of credit, small borrowers were punished, and Kenyans who could no longer breathe inside the banking system ran back to SACCOs.
SACCOs became the last refuge for people abandoned by banks, the place where teachers, police officers, nurses, boda riders, matatu people, farmers, mama mbogas and small traders could still save slowly, borrow with dignity and keep families moving.
Now the same government that helped banks turn debt into a feeding system is following Kenyans into SACCOs, looking at the savings people built from salaries, farming, biashara, side hustles and painful monthly deductions.
This is the last nail.
SACCO money is not idle Treasury money waiting to be touched, it is private sacrifice by ordinary Kenyans who saved for school fees, land, homes, hospital bills, emergencies, small businesses and survival in an economy already squeezed by taxes, loans and bad policy.
A government that cannot explain where borrowed billions went cannot be trusted with SACCO billions, especially when the same infrastructure language has already been used for years to hide wastage, inflated contracts, brokers, political friends and budget games.
This is how a country tells you quietly that lenders are tired, banks are already overfed on government debt, taxes are no longer enough, public assets have been lined up, and the last pool of money outside Treasury’s direct hands is now being targeted.
The money is finished, and now they are following Kenyans into the last safe corner they had left.
Man sounds warning to goons recounting how he was part of the 2008 outfit that was used by government for similar dirty work as today.
He recounts how Michuki had Mungiki, Raila had Taliban and Nyachae had Chinkororo and the turf wars that followed after elections, then Kwekwe squad.........
"We're colleagues"
The day Simba Arati told Didmus Barasa, “Naweza amua ukimbizwe saa hii!” Minutes later, Didmus was whisked away for what netizens dubbed a “soft tissue massage,” while his famous Red Igbo cap vanished without a trace.
Kenyan politics ain't for the weak.
Broad daylight robbery with violence at ChaiiWali Cafe, General Mathenge Drive, Parklands. The robbers escaped on two motorcycles. Are there surveillance cameras on this road? Can the Police arrest these robbers?
There is no service in Kenya Police Service.
This is a killer militia weaponized by the state to kill innocent Kenyans questioning the status quo.
#EndPoliceBrutalityKe#RutoMustGoNow
#MundialEnBlu Los hinchas de Japón vuelven a demostrar su cultura y recogen en bolsas azules la basura en las gradas después del partido contra Países Bajos #LoMásBlu