Aug 6, 2009

Doing business in Nairobi

We got this message about one of our RDB loans:

Dear investors,

Mary who is the owner of Vinste Tours wanted to use the loan to purchase a new car which was also to be used as the security of the loan. The supplier was to deliver the vehicle from the port to her institutions. The vehicle is yet to be delivered but we assure you we will disburse the money as soon as the vehicle is delivered.

Kind regards,
Growthafrica Capital

At the port...hum...I wonder why it's taking so long...maybe someone is waiting for a little something for the week-end? Oh no, right, the rearview mirrors are not up to Kenyan norms.

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