ARE DEVELOPMENT BANKING & WHOLESALE BANKING THE SAME?

Introduction In the last article, we were introduced to the differences between mainstream banks and the microfinance institutions (MFIs). We also looked at the reason why interest rates are higher in the MFIs than the mainstream banks and we got an introduction to the fixed interest rates and reducing or declining interest rates. Today we shall look at the development banks, wholesale banking institutions, their relationships and finally how you could get a facility from these big organisations. Development Banks A development bank is a bank that provides money for projects in poor countries or areas (Cambridge Dictionary). Development bank, […]

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HOW DIFFERENT ARE BANKS FROM MFIs?

I would like us to discuss an introduction to Banking and other financial services. First of all, what is a bank and what is microfinance? A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services (Wikipedia). Difference between Banks and MFIs For the purpose of today’s […]

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THE DEAD: DO THEY ACTUALLY REST IN PEACE?

Introduction The only sure thing that every person believes, irrespective of religion, nationality or status is that one day, he or she would die. You don’t have to die before you know that there is death; when you see others dying, then you expect yours to come one day. Do the dead actually rest in peace? Let us explore the dreaded subject of death, where the spirit goes and how it goes. Then we shall conclude on whether we rest in peace or continue in an activity. What is Death? At the maturity of the spirit, it detaches itself from […]

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THE DAY OF THE HOLY SPIRIT

Holy is the Day. So Holy that every human being that fails to know about it and fail to partake in it burdens himself with guilt. No excuses and murmuring are acceptable to God, for man has refused with his wanton conceit and puffed-up belief that he knows better. Miserable is the situation when all beings receive in humble devotion on that great day but human beings are still standing unconcerned or receive it in a dull-witted manner. The Day of Pentecost, the Day of the Outpouring of the Holy Spirit! Many imagine that this occurred only once during the […]

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BODY, SOUL, SPIRIT, PARADISE AND HEAVEN

Soul and Spirit have been used interchangeably without the users knowing the difference. Likewise, Heaven and Paradise have been used as if they are one. A spirit is a breath or a spark of God while the soul is the garment of the spirit. A soul further wears another garment. That garment is called the body. This means that every human has two main coverings: the soul and the body. Your core, your very essence is the spirit. Comparing the human spirit to the animal, the only thing that the animals don’t have is a spirit. They both have soul […]

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GUIDANCE ON COMPETITION AND COOPERATION

Introduction Competition and cooperation seem to be words that are opposite. In a real sense their origin and therefore their application may surprise you. Competition is defined as “a situation in which someone is trying to win something or be more successful than someone else”-Cambridge Dictionary. It could be described as a rivalry, vying; conflict, feuding, fighting or keeping up with the Joneses. Cooperation is defined as the “the process of working together to the same end” – Cambridge Dictionary. It is also described as collaboration, joint action, combined effort, teamwork, partnership, coordination, liaison, association, synergy, synergism, give and take, […]

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HELPING WORDS FOR THE YEAR AHEAD

The Year Ahead shall be quick and swift; but those who will harness the times shall succeed abundantly. Why do I say so? From the spiritual perspective, the Cosmic Clock has been ticking to the hour of twelve and the closing of the cycle of all things must come to an end. For this reason, everything in Creation is rapidly hurrying to a close. You can see the unimaginable impatience throughout Creation; people clamoring for a change and the change must happen now, people taking arms against the other in unique and innovative ways, standards are being destroyed and instability […]

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CHRISTMAS: YOUR SIMPLE GUIDE

Christmas is here with us again and the heralds of joyful giving, celebration and merry-making in Christendom filled the air. “Today in the City of David a Savior has been born to you. He is Christ the Lord”(Luke 2:11)! And for this reason, the run-up to Christmas is full of tensions and anxieties, but the day itself is just very simple and reflective. How do you make the best of this celebration and also not run into financial trouble after the Yuletide? These are my four basic steps to help in your planning for Christmas and beyond:- JANUARY THE LONGEST […]

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