We preferrably want our own banks so only our bankers benefit as they stay within but if we can't source the needed capital, bring in foreigners and pitch the deal and how it works but ensure it's at least local/foreigner partnership not like that dubai model. We want some of it benefiting us in every aspect of the economy. Banks are the lifeline of economies, its like the gas station take it away all cars drop, take away banks no business can operate.
Plus Somalis have homes and stuff like that real assets so the locals can secure it against some collateral for banks or find other asset signers to secure it for them to satisfy banks. If he has 100 camels you can secure the value of those 100 camels also and when he defaults, you sell it as quick as possible if your the bank cause you don't want to lose money in maintaining it.
Then they will have risk profiles, intelligence or past histories of attributes of ppl who are likely to fail paying back, looking at the idea and having economist confirm it's viability, locking you out of loans if you default(to save other banks if u walk in), once banks don't make money, it's not good scenario for the whole economy at all.
Anything you have that ppl will buy is considered an asset now matter what it is, banks are about money, they don't care wat the asset is as long as ppl will buy them. In Somalia you won't need like a trillion in the banks not yet anyways(it will go to waste if that money aint used).
U wanna work out how much money is needed to get from the phases you designate and provide just enough money to get there with a little blanket on top of security so you don't fall short.
Plus Somalis have homes and stuff like that real assets so the locals can secure it against some collateral for banks or find other asset signers to secure it for them to satisfy banks. If he has 100 camels you can secure the value of those 100 camels also and when he defaults, you sell it as quick as possible if your the bank cause you don't want to lose money in maintaining it.
Then they will have risk profiles, intelligence or past histories of attributes of ppl who are likely to fail paying back, looking at the idea and having economist confirm it's viability, locking you out of loans if you default(to save other banks if u walk in), once banks don't make money, it's not good scenario for the whole economy at all.
Anything you have that ppl will buy is considered an asset now matter what it is, banks are about money, they don't care wat the asset is as long as ppl will buy them. In Somalia you won't need like a trillion in the banks not yet anyways(it will go to waste if that money aint used).
U wanna work out how much money is needed to get from the phases you designate and provide just enough money to get there with a little blanket on top of security so you don't fall short.
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