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Wireless

KCB sets aside KES 30 bln for stimulus loans over M-Pesa

Monday 23 March 2020 | 09:20 CET | News
Kenyan operator Safaricom and KCB Bank Kenya have committed to support customers in financial distress, making available more affordable lending and cutting transaction costs on mobile lending during the Coronavirus pandemic. The announcement will see KCB Bank set aside KES 30 billion in a stimulus fund for onward lending to KCB M-Pesa customers during the next 90 days. The fund will allow for higher borrowing limits for qualifying customers and extended repayment periods for borrowers with existing facilities. 

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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