Nipate

Business loans, mortgages, etc in the US is much more expensive than in Kenya if you look closely the length of repayment. The 25% for 2-5 years is better than 6% to 10% for 25-40 years, which is 90% of US business/mortgage loans. Poor business cashflow is caused by debt, which, in most cases are loan interests spanning decades in length. If you bought a house in 2005 at 7.5% interest, or took 500K business loan at 6%, you are still paying it 20+ years later, and mostly interests! 

The number one cause of business failure in the USA is poor cash flow management or running out of cash, accounting for up to 82% of small business failures

From Rono..Facebook

**Tea farmers deserve truth, transparency, and fair pay**

During a recent address, PS Paul Rono pointed fingers at tea factory directors, blaming them for the heavy loans affecting farmers’ earnings. According to him, audits revealed shocking findings—money that should go directly into farmers’ pockets is instead servicing loans. He even proposed that payments from the Mombasa Tea Auction go directly to farmers, but directors reportedly rejected the proposal, insisting the money must first go to Nairobi to service debts before the little remainder reaches farmers.

However, when I sought clarification from my director, I received a different explanation. He said the loans were taken to pay farmers’ second payment (bonus) during the time of the reserved price policy. Because tea could not fetch the expected price under that policy, large volumes accumulated at the auction. When the reserved price was abruptly lifted, the tea was sold at a throwaway price, leading to losses and making it difficult to service the loans.

At the same time, the Tea Board of Kenya also raised serious questions. In a letter to the chairman of Kapkoros Group of Companies Mr, Robert kipngeno Rono,TBK demanded explanations on several issues, including:

🫵🏼The amount of loans borrowed by factories

🫵🏼How the loan proceeds were utilized

🫵🏼Loan terms and remaining balances

🫵🏼Rising production and transport costs

🫵🏼The purchase of Olulunga land including 169 meetings in one year resulting to a waste of farmers money,

These questions remain critical for farmers.
As farmers, we also remember that our earnings were deducted to raise funds for projects like Motigo and Kamogoso satellites, only to later be told that loans were still taken to complete them.

We were also informed that Ksh 162 million was borrowed to purchase Olulunga land, yet many farmers have never seen the documentation.

Even more concerning, the government allocated Ksh 5.5 billion for a hydropower project across seven regions, while farmers under Kapkoros contributed Ksh 350 million for the same project. To date, farmers are asking: Where is the project? Where is the money?
Farmers are not enemies of development. But we carry the burden of these deductions and debts. We deserve answers, transparency, and accountability.
Enough of the movie-like approach where farmers are kept in the dark.

The time has come for honesty—because the sweat of farmers should never be turned into a mystery.

#TeaFarmers #Accountability #FairPayForFarmers

MIT, Harvard, and other IVY League security experts believe US has been degraded beyond repair. You will never hear that from TV analysts, or regular person on social media. Most people are not smart to understand what Iran achieved in a very short time!

US military communication capabilities are now in the stone-age. I think KDF is now doing well communication wise than US military!

Trump begging IRAN for a ceasefire while talking tough to the media. On the Other hand, Iran has rejected 3 ceasefire requests. In Israel, missiles are dropping nonstop and Hezbollah are almost sending ground troops. US and Israel is left carpet bombing Iranian civilians because they cannot reach main targets. Straitz of Hormuz is closed. Censorship in US and Israel. Satellite images, news, and damages everywhere is under immense censorship. All we getting from mainstream news is propaganda. IRGC OR Iranian revolution guard corps are winners hands down. They have decimated combined US/Israel with precision targets on legitimate targets.