Operation Bwezani: Banks

I would ask when was the Banking Act revised in Malawi? I would
recommend it be revised again so that both banks and their customers
benefit from each other. For banks keep our money which no deniable
they invest. The benefit we get from the is much much less compared to
the interest they get when we borrow from them.
Interesting: I lend the bank K10,000 for two months. My interest isn't
much with interest 4% per annum. I need some money 5 days before
agreed pay back time. If I cancel the agreement I forfeit my interest
and lose much more. There is a provision for a loan against my fixed
deposit at 27% per annum. Interest is chargeable from a minimum of one
month. According to terms of agreement I am supposed to payback the
amount i borrow plus interest. I do not sign until I understand the
terms of agreement which must not change within the period of my loan
as i am explained to by the one helping me. Even though the bank has
included it in the terms. (If the bank reserves the right to change
its terms there is so much room for its deliberate violating the terms
and self-guarding itself by this clause even to the disadvantage of
the client). In my understanding if I payback before one month then I
don't pay with interest. Alternatevely the interest is supposed to be
calculated depending on the days until my payback. That aside, the
terms of agreement indicate that I will be expected to payback the
amount I borrow plus interest thereof which also indicated in the
official section of the agreement form. I payback on the day I
promised to do so but I payback the amount, interest plus an
undisclosed processing fee which I did not know about. Which if I had
known I would have opted to cancel the fixed deposit instead of
getting a loan.
Due to charges dedacted on my account which i do not know about the
changes of which i am not notified even though the bank has my
contacts I thought it is expensive to keep such an account. I look at
other banks and I find a better one much better though this NBS Bank
prides itself to be better than all others. Nop, there are better
banks. I want to close my account for then i would just accumulate
dedactions from an account which I am not using anymore. It would take
me paying a charge of K1,000 to close right away or I have to give 1
month notice not to pay or I have to go to my branch. I said what? On
openning I have to pay on closing I have to pay again? Only me pay!
Pay! Pay! Amounts which I do not know about? Should i spend so much
travelling just to close an account with only K361.15. What kind of
Bank is this that refuses so much that it requires one month notice to
close an account which belongs to me. I asked do I have control over
my account. Did I sign to these terms? He tries to bluff me saying
since you openned it at college during promotion the term of
agreements might have been skipped. So I ask for the current forms for
openning an account. And there not even a single term of agreement but
just certifying that the information I am giving is correct. I ask him
as i have asked before if there any written document concerning the
fees they say they can't disclose to clients. And now talk about
Transperancy! Mmh, NBS Bank, How do I know such fees are being
manufactered? For it hurts to find unexpected amounts being deducted
without ones knowledge.
Revise the Banking Act which might have been made to self-guard the
interests of the rich marginalising the poor so that the people are
protected from being exploited by the banks. This people must not
lack.

Ha ha! Wakoleka Conficker!

Today 16th July 2009 from around 12.00pm to 04.00pm I feel proud to report I have busted Conficker! And done so manually in the process I have learned how I can build a knowledge base of for a virus cleaner/detector/remover. Now to get started. Will have to explain it now or later.

Creating the Vision

We sat down on the floor like little children in our new office. We the people of Baobab Health. It is our thing we are building it together. Every was in it. Everyone took part.
Tay, what can I say.
If I am to work in this place for 10 years what would I like to do. I thought about so many stuff that have hurt me. All the frustrations I have had in my life all the stuff I have seen done in mediocre way which I thought we could do better but wasn't able to do myself. I have never had a chance to say this out. I thought I might as well say it now. It might be that this will be my chance that these problems will now be completely solved. And I might find my joy. For if I don't say it they way I would love it how will I be happy working here? Will I keep on critisizing things I don't give a solution for? So I said it all my dreams, my vision and how I would love it to be. It was emotional and its effects stayed on till now.