Is it worth kuchukua hii loan?

Toa maoni kwa comments.

Let us analyse

1. Interest Rate: 5.9% monthly is relatively high, kwanza for short-term loans. Over a year, ni around 70.8% annually (not compounded), ni expensive sana

2. Repayment period: 30 days ni short, meaning your business must generate profits quickly preferably within 2–3 weeks.

3. Business Risk: If the business isn't guaranteed or already generating cash flow, this loan could strain your finances.

4. Deduction Rate: If they’re deducting 30% from your business income automatically, make sure your remaining income can still cover other business obligations

Bottom Line: It’s only worth taking if:

✅ You have a clear, fast-return investment (like stock restocking or a quick-turnaround service).

✅ You’re confident your profits in 30 days will exceed KSh 5,900 plus other business costs.

✅ You can handle the deduction without compromising business essential needs.

If not, it might be better to negotiate for a longer repayment period or seek cheaper credit.

My final verdict; Only take loans when really necessary, when you can't avoid it.

Summary: Just because unaqualify haimaanishi you take the loan.