These days the expression “No Kafeel” (guarantor) is widely used in advertisements for consumer goods from household goods to luxury cars. There are many reasons behind such generous offers by companies. Traders, car dealers in particular, would like to see all the goods in their stocks being sold out at the best possible price. The strategy is to give consumers an irresistible offer; get a brand new car right now without the need to produce a guarantor and then later on think of how to repay the debt.
Another reason that drives people to acquire commodities this way is that banks put more stringent conditions on the loans they provide to their customers. A consumer seeking a bank loan to a commodity must fully agree to the terms set by the bank which usually require him to settle the payments on specified dates.
The most obvious reason is that guarantors are hard to find these days.
In our country the police and courts spend much of their time running after the kafeel who agrees to pay another person’s debt while leaving the debtor free to practice whatever deceitful and tricky tactics they choose to avoid arrest.
All over the world companies sell their products on credit. In Western countries everything is sold on credit, from luxury cars to toasters. The difference is that in those countries the guarantee is not a kafeel but the commodity itself. If the buyer failed to pay the bills on time he would have to pay a fine for any delay. If the failure continues the company may in the end repossess its goods. The one thing people fear most is to have their names appear in the company blacklist because this means other companies would think twice before agreeing to sell them anything.
Under such arrangement, no one would be obliged to have a kafeel, and there would be no need for the police, civil rights and courts to chase someone who is not the buyer.
