Don’t Use Money-Generating Assets as Collateral for Bank Loans – Expert Top story

Comments 1826 Views Kampala, Uganda
Absa Uganda

Absa Uganda

In short
Sarah Mbinji, an International Finance Corporation trainer, said on Wednesday that using your cash-cow asset as security to get a loan would be akin to suicide. This means, she said, that if anything goes bad and that security is taken, that would be the end of the business.

 

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