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Say what you will about Kenyan men, bad or good, we can all agree that their money habits are built for surviving any broke spells and enjoying the peace of mind that comes with abundance.
Unless Brayo speaks about it, you will never know he left his house in the morning with only Sh100 mbele-nyuma and managed to end the day with a clean Sh5,000.
Kevo may not have a monthly income but all his bills get paid on time and he has managed to elevate his lifestyle in the process.
The boy child will not stand to be embarrassed by “gas imeisha” when he is hosting at his place or take back items when he is short of Sh200 at the supermarket counter. So, how do they do it?
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Kenyan men understand these three critical rules of behavioural finance that keep them afloat.
1. Good credit will help you avoid embarrassment
It is quite common to witness a Kenyan man walk into a store, have a conversation with the business owner and walk out with exactly what he went in to purchase without making a payment.
The simple financial principle at work is creditworthiness and it is a rule Kenyan men have carried into their utilisation of overdraft services as well.
For example, with the LOOP overdraft service, you are able to complete transactions seamlessly. And as you keep up with repayments so does your overdraft limit.
2. The bro code
When it comes to money, the bro code rules supreme. Kevo will come through for Brayo when he needs some cash to take care of business and vice versa. When these transactions are conducted from LOOP to LOOP, then Kevo and Brayo also save on transaction costs.
Another function such friendships serve is helping with financial accountability.
3. Successful investors take risks
When it comes to the world of investments, Kenyan men are a good example of the right attitude. Mwanamme hujituma.
For example, they are not afraid to take on a short-term loan to boost their side hustle when need be. And with support from a convenient app such as LOOP, borrowing is easy.
In addition, with as little as Sh1,000, LOOP Invest helps app users grow their money. This way, when the investment pays off, there’s extra money in your pocket.
LOOP empowers you to live your best life with intuitive tools and personalised experiences that make managing your money a breeze.
Why wait? Download LOOP from your App Store or Play Store and start LOOP-ing today!
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