 |
|
| Author |
 Topic  |
|
toubab1020
12311 Posts |
 Posted - 12 May 2010 : 12:53:15
|
"One prominent banker and entrepreneur once told me in the Gambia that "you must always avoid hiring close family members in the business; if you must then involve them as shareholders".
This is excellent advice based I suspect on observation of Gambian business,so often as the saying goes, Money is the root of all evil. if you employ family members then only employ those who are prepared to put their own money into the business ,taking a share of any profits without "working capital leaking away somehow", The other points that you raise are equally important. I really have my doubts as to how those involved in making the loans that you write about to "responsible individuals " what guidelines should be used here ?
SOMETIMES larger loans than asked for are given on the understanding that there is surplus money available for some other use ( No I will not explain further !)
|
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
|
 |
|
|
kayjatta
2978 Posts |
Posted - 12 May 2010 : 13:02:14
|
quote:
Originally posted by toubab1020
SOMETIMES larger loans than asked for are given on the understanding that there is surplus money available for some other use ( No I will not explain further !)
Oh yes, surplus money for a second wife. Of course!
 you seem to know too much about the Gambia... |
Edited by - kayjatta on 12 May 2010 13:04:59 |
|
|
|
mansasulu
997 Posts |
Posted - 12 May 2010 : 15:22:09
|
I am not criticizing the US. As a matter of fact, the United States has an examplary record when it comes to labour laws and the rights of individuals (speech, religion...etc) compared to other countries. I am pointing out a point of fact that not all temporary workers in the United States are "highly skilled and highly trained." It will help in this discussion to note that low skilled jobs are available in the most advanced economies. Perhaps Qatar could learn from those countries as well.
Unemployment back home has reached stratospheric levels. This is a welcomed effort in my opinion. Credit where its due... |
"...Verily, in the remembrance of Allâh do hearts find rest..." Sura Al-Rad (Chapter 13, Verse 28)
...Gambian by birth, Muslim by the grace of Allah... |
|
|
|
toubab1020
12311 Posts |
Posted - 12 May 2010 : 18:07:18
|
You could write that, I could not possibly comment
quote:
Originally posted by kayjatta
quote:
Originally posted by toubab1020
SOMETIMES larger loans than asked for are given on the understanding that there is surplus money available for some other use ( No I will not explain further !)
Oh yes, surplus money for a second wife. Of course!
you seem to know too much about the Gambia...
|
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
|
|
|
|
kayjatta
2978 Posts |
Posted - 13 May 2010 : 00:18:49
|
Right, I understand Toubab. You know one of my good Toubab friends from Nashville, TN who sourjouned in the Gambia told me that the only times he is terrified is when someone in the Gambia called him Toubab . It is a privileged reminder of your limits as an outsider (with a deep pocket), huh?
My friends in Agriculture (FYI I have a lot of friends ) used to narrate with humor that when bags of fertilizers were distributed to farmers for use on their farms, surprisingly most end up selling them on the loomo (weekend market) for much needed cash. Or when cash loans were issued to purchase seednuts, or farm equipment; the money is often used for other things (local priorities) including taking a second wife.
I guess, the celebrated economist, John Maynard Keynes is right wnen he said that "in the long run we are all dead" (meaning pressing problems require immediate action).
|
Edited by - kayjatta on 13 May 2010 07:21:53 |
|
|
|
kayjatta
2978 Posts |
Posted - 13 May 2010 : 00:47:26
|
quote:
Originally posted by mansasulu
I am not criticizing the US. As a matter of fact, the United States has an examplary record when it comes to labour laws and the rights of individuals (speech, religion...etc) compared to other countries. I am pointing out a point of fact that not all temporary workers in the United States are "highly skilled and highly trained." It will help in this discussion to note that low skilled jobs are available in the most advanced economies. Perhaps Qatar could learn from those countries as well.
Unemployment back home has reached stratospheric levels. This is a welcomed effort in my opinion. Credit where its due...
Thanks Mansasulu. |
|
|
|
Moe
USA
2326 Posts |
Posted - 13 May 2010 : 10:04:32
|
You sitting here again "di idle rekk" Gambians will be pissed at you for talking about their 2nd and third wives you know better.We will never admit to the fact that we have a lot of misplaced priorities as a nation,our problems are societal brotherman........................................................Peace
|
I am Jebel Musa better yet rock of Gibraltar,either or,still a stronghold and a Pillar commanding direction
The GPU wants Me Hunted Down for what I don't know ..... |
|
|
|
kayjatta
2978 Posts |
Posted - 13 May 2010 : 10:08:42
|
You know what I'm talking about Moe; you probably did this before, huh?
|
|
|
|
toubab1020
12311 Posts |
Posted - 13 May 2010 : 11:47:26
|
I refer my learned friend to the posting I made earlier ,poor Moe he is not really on the right wavelength with this one Kay, 
quote:
Originally posted by kayjatta
Right, I understand Toubab. You know one of my good Toubab friends from Nashville, TN who sourjouned in the Gambia told me that the only times he is terrified is when someone in the Gambia called him Toubab . It is a privileged reminder of your limits as an outsider (with a deep pocket), huh?
My friends in Agriculture (FYI I have a lot of friends ) used to narrate with humor that when bags of fertilizers were distributed to farmers for use on their farms, surprisingly most end up selling them on the loomo (weekend market) for much needed cash. Or when cash loans were issued to purchase seednuts, or farm equipment; the money is often used for other things (local priorities) including taking a second wife.
I guess, the celebrated economist, John Maynard Keynes is right wnen he said that "in the long run we are all dead" (meaning pressing problems require immediate action).
|
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
|
Edited by - toubab1020 on 13 May 2010 11:52:36 |
|
|
|
kayjatta
2978 Posts |
Posted - 13 May 2010 : 11:53:43
|
| come on, Toubab |
|
|
|
Topic |
|
|
|
| Bantaba in Cyberspace |
© 2005-2024 Nijii |
|
|
|
Topic Locked
