Email a copy of 'Mlombwa decry high lending rates in Malawi' to a friend
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Email a copy of 'Mlombwa decry high lending rates in Malawi' to a friend
Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” Albert Einstein. After...
This is true. I am wondering why this issue never came earlier. Zambuyo mwa alendo. Grace period is very short.
Mlombwa is a business partner of Muthalika family ,same with Thom mpinganjira and Mike Chilewe amene mukutsutsa mudzifunse kuti bwanji sindinatchule inuyo kuti ndinu a business partner a muthalika.
a lomwe awa akungopatsana chuma anachivutikila Kamuzu chija. kutenga ngongole ma bilioni osabweza kumubakila mpaka kuipereka kwa mulomwe wina. mitundu inayi idzingo imbila mmanja pokhoma misonkho basi shamer
Official katapila with Malawian Banks.
I agree with Mr. Mlombwa that bank interest rates are high. I also wonder the rationale behind interest on the money invested in the bank. When you get a loan of K1,000,000 by the end of repayment period, you have coughed around K1,500,000 but when the same amount of money is invested for a period of one year, you earn very little interest. It only shows that banks are not really serving the interests of majority poor.
It is true that the lending rates in our commercial banks is more than necessary. I totally conquer with Mlombwa that the situation is only making indigenous bussinesses not to flourish.
Kodi this IBAM where is its secretariat and who is its ceo and how can one become a member?Seems it’s only Mr Mlombwa that we hear of