Browsing: value of the assets

• Asset financing firms in Kenya remain unregulated, the only exception among the seven countries in which Watu Credit operates.
• This revelation came out during an ongoing inquiry by Kenya’s Finance and National Planning Committee on asset finance companies.
• In the probe, the CEO of Watu Credit acknowledged that Kenyan law lacks regulation of businesses operating in this market segment.

Purchasing assets directly can be expensive and risky and hold a company or individual back from expansion. Asset financing, therefore, provides a great option to acquire the assets an individual or business needs without shouldering hefty expenditures. The asset financing structure has benefits for both the lenders and the borrowers. Asset financing can take many forms, such as hire purchase, equipment lease, asset refinance, operating lease, or finance lease, depending on the kind of business you are involved in.

Investigation of Asset Financing Firms in Kenya

It has emerged that …