How Commercial Banks Create Credit or Money

By creating credits we mean the process whereby commercial banks, make it possible for more deposits to be made through loan and this process of creating credits is also called creation of money or money creation. By granting loans to their customers, commercial banks increase the purchasing power of the borrower and also increase the

Building a Kingdom – Case Study of Kingdom Financial Holdings Limited

This article presents a case study of sustained entrepreneurial growth of Kingdom Financial Holdings. It is one of the entrepreneurial banks which survived the financial crisis that started in Zimbabwe in 2003. The bank was established in 1994 by four entrepreneurial young bankers. It has grown substantially over the years. The case examines the origins,

Creating Wealth on Your Current Income

When most people think of “creating wealth” it conjures up grandiose mental pictures of fabulous riches and exotic celebrities. However, the term “wealth” simply refers to owning valuable assets. There is no particular reason why normal, regular people cannot create wealth using nothing more than their current income and intelligent decisions. The principal barrier to

Realizing Personal Economic Independence

An individual is initially dependent on others during the early phase of life; first 20 years. Throughout this phase, the person obtains knowledge on multiple subjects, attains wisdom through manifold observations, and builds up moral strength by means of spiritual/humane practices. Nevertheless, the person is barely in touch with the business world during this phase.