Why pay off 1.7 and go back borrowing a point higher. Seems exactly like borrowing again to pay debts. If u were successful with the past loan, u should be owing half that loan not more than 100% of it. Stop the foolishness
Why pay off 1.7 and go back borrowing a point higher. Seems exactly like borrowing again to pay debts. If u were successful with the past loan, u should be owing half that loan not more than 100% of it. Stop the foolishness
tk 8 years ago
This is common sense you want better price for cocoa,but it seems you sell your cocoa before you even harvest it,it is like you need the money at all cost and they will give you any shit money for your cocoa
This is common sense you want better price for cocoa,but it seems you sell your cocoa before you even harvest it,it is like you need the money at all cost and they will give you any shit money for your cocoa
Mankwadze 8 years ago
I think Cocobod deserve some credit. To be able to obtain a loan like this at 1% interest per annum is a big confidence boost. Even if they used their own money, 1% will not be a good enough return on investment of that amoun ... read full comment
I think Cocobod deserve some credit. To be able to obtain a loan like this at 1% interest per annum is a big confidence boost. Even if they used their own money, 1% will not be a good enough return on investment of that amount. The fact that some one is prepared to issue such facility at such rate shows the confidence they have in the institution. I wish that can be said about the government. I will say to Cocobod, GO FOR IT !!
Michael 8 years ago
Yea you have paid the loan, but did it reall yeild any profit.. if it did thy then are you signing a new loan agreement....
Yea you have paid the loan, but did it reall yeild any profit.. if it did thy then are you signing a new loan agreement....
Sarah 8 years ago
This is no business. We always borrow ANDD pay and borrow and pay don't we make profits? Can't we reduce our borrowing year after year and use part of the profit to support the next years cash requirements? We need business m ... read full comment
This is no business. We always borrow ANDD pay and borrow and pay don't we make profits? Can't we reduce our borrowing year after year and use part of the profit to support the next years cash requirements? We need business minded people to manage entities like the COCOBOD. Any foolish person can manage a business when all he needs to do is to always borrow and use the profit he made to pay back his loan and borrow more than what he borrowed again. This doesn't make sense to me and it's because of the thinking behind this mediocre practice. The worse part is, we go on roadshows and tour countries paying home
Bills and fat perdiems to borrow at very high interest rates. We borrow dollars at 7-9% interest with arrangement fees of 1% or more and we are happy. With the kind of govt. guarantees, Cocobod can raise the money they need by inviting foreign banks and they will flood here and happily offer us the loan at 2.5%. Useless management
OPK 8 years ago
EVER SINCE THE ESTABLISHMENT OF CMB COMPANY SO THIS COMPANY HAS NO MONEY TO BUY THE COCOA BEANS BUT DEPENDING ON FOREIGN LOANNS EVERY YEAR! MY QUESTION IS WHAT DID THEY DO WITH THEIR PROFIT? I THINK BY NOW C M B SHOULD HAVE A ... read full comment
EVER SINCE THE ESTABLISHMENT OF CMB COMPANY SO THIS COMPANY HAS NO MONEY TO BUY THE COCOA BEANS BUT DEPENDING ON FOREIGN LOANNS EVERY YEAR! MY QUESTION IS WHAT DID THEY DO WITH THEIR PROFIT? I THINK BY NOW C M B SHOULD HAVE ACCUMULATE ENOUGH FUNDS TO BUY THE COCOA WITHOUT DEPENDING ON FOREIGN LOANS.WHY GHANA WHY?
inercycl 8 years ago
Markola women are better than these managers of our economy. They borrow each year to sell and borrow more the following year to sell.No debit and credit sheet.And it goes on and on...
Markola women are better than these managers of our economy. They borrow each year to sell and borrow more the following year to sell.No debit and credit sheet.And it goes on and on...
Klara Finance 8 years ago
Hello,
We give out loans to any part of the world. We offer all kinds and
types of loans/funding with a comfortable repayment scheme, Our Loan Interest
rates is 3% per annul with a negotiable duration, Irrespective of
l ... read full comment
Hello,
We give out loans to any part of the world. We offer all kinds and
types of loans/funding with a comfortable repayment scheme, Our Loan Interest
rates is 3% per annul with a negotiable duration, Irrespective of
location or credit status, to get a loan today contact company email:
klarabannyfinance@gmail.com
Why pay off 1.7 and go back borrowing a point higher. Seems exactly like borrowing again to pay debts. If u were successful with the past loan, u should be owing half that loan not more than 100% of it. Stop the foolishness
This is common sense you want better price for cocoa,but it seems you sell your cocoa before you even harvest it,it is like you need the money at all cost and they will give you any shit money for your cocoa
I think Cocobod deserve some credit. To be able to obtain a loan like this at 1% interest per annum is a big confidence boost. Even if they used their own money, 1% will not be a good enough return on investment of that amoun ...
read full comment
Yea you have paid the loan, but did it reall yeild any profit.. if it did thy then are you signing a new loan agreement....
This is no business. We always borrow ANDD pay and borrow and pay don't we make profits? Can't we reduce our borrowing year after year and use part of the profit to support the next years cash requirements? We need business m ...
read full comment
EVER SINCE THE ESTABLISHMENT OF CMB COMPANY SO THIS COMPANY HAS NO MONEY TO BUY THE COCOA BEANS BUT DEPENDING ON FOREIGN LOANNS EVERY YEAR! MY QUESTION IS WHAT DID THEY DO WITH THEIR PROFIT? I THINK BY NOW C M B SHOULD HAVE A ...
read full comment
Markola women are better than these managers of our economy. They borrow each year to sell and borrow more the following year to sell.No debit and credit sheet.And it goes on and on...
Hello,
We give out loans to any part of the world. We offer all kinds and
types of loans/funding with a comfortable repayment scheme, Our Loan Interest
rates is 3% per annul with a negotiable duration, Irrespective of
l ...
read full comment