Bailing out friends, colleagues and siblings

Open a watsapp group ya mchango for your friend and invite his close associates to contribute.

Do a written agreement with the guy, and make sure the cash goes to the loan guys. You help out where you can. A friend on need…

Yeah he cannot successfully transfer on TIMS if you do not also go online and okay the transfer. It will be under both parties 50/50.

You are just about to lose 100k and a friend too. Congratulations

here is the problem, hio story ya kutransfer the logbook ni uongo, kama anaweza fanya hivo si auze hio gari, and if its for his hustle then why have the logbook under your name na its obvious you will not be able to sell it ata ukitaka. fanya vile @pamba amekushow hapo juu

There is the catch…even if you change the car to your name he will still be using it…Utakuwa “cermonial owner”

If he is your genuine pal, bail him out but also to secure your cash have a written agreement in place

Ceremonial aje and it will be under his name . anaweza tuma auctioneer aichukue anytime

100K is not a lot of money between two friends but you must consider the worst case scenario. If you don’t get paid you will be out of 100K and you will hate your friend.
I agree with others, if he is willing to have the logbook of the car to be in your name then your money will be protected. But who will have possession of the car?

Hio ndio beste yake anatumia for his hustle…his source of livelihood.

You are right. Technically, the vehicle would be mine too but he would be the daily user which is not helpful to me.

Can you afford the 100k? Can you afford to lose it ? If yes then help a friend, he could be genuine.

So what new magic or windfall is expecting after you loan him that cannot sort his current situation.
Lending should be based on the ability to repay and not emotions.

Gotcha hence why we are calling it a bail out - more like protecting him from losing the vehicle on the cheap

Kutuma auctioneers on your friend na kukataa kumkopesha pesa saa hii,which is worse?:D:D

Ukiona mtu amefika kwenda kwa Shylock jua huyo ako irredeemable.
Kama ameshindwa kulipa hiyo deni what makes you think yako ndio atalipa?

Hakuna urafiki kwa biashara, let him transfer the car to your name and an agreement indicating when he’s intending to clear the loan. Aki forfeit sell the car and recover your money and give him the balance. Watu wana kuanga very ungrateful sana… Si ni juzi tu Jirongo ame kata na pesa ya rafiki yake Atwoli

Do NOT lend him na please uwache kujipa stress ya bure. Learn to mind your own biz. You don’t need a car, neither are you a bank! Cook up a story how you have money issues as well. People are very ungrateful nowadays, you give them money today kesho they’re the same ones talking trash behind your back.

Afsaa

mambo ya pesa ni sensitive. soft loan ya 100M ilimezwa, but ilibidi ATWOLI aende kortini

:smiley: