0
Wireless

Kenyan banks launch mobile loan pilot targeting small enterprises

Tuesday 21 May 2019 | 11:14 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Five Kenyan banks have launched the pilot phase of a mobile loan product targeting micro, small and medium scale enterprises (MSMEs). It will be marketed under the name Stawi and initially managed by Commercial Bank of Africa (CBA), the Cooperative Bank of Kenya, Diamond Trust Bank Kenya (DTB), KCB Bank (Kenya) and NIC Group. Customers will access the loan through a mobile phone application. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Countries: Kenya
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Kenyan savings cooperative Dimkes launches mobile loan app M-Chipuka

Published 18 Mar 2020 10:14 CET | Kenya
Kenya's Dimkes Sacco (savings and credit cooperative) has launched a mobile loan application to enable its 26,000 members to ...

Kenyan mobile money transfers rise 13% in Q4 to KES 2.28 trillion

Published 26 Sep 2019 09:37 CET | Kenya
The value of Kenyan mobile money transactions grew 13.5 percent in the fourth quarter from April-June to KES 2.28 trillion ...

Google finance app rules could affect Kenyan mobile loans

Published 27 Aug 2019 13:11 CET | Kenya
Google has released a new application that is expected to affect the booming mobile lending app industry in Kenya, reports The ...

KCB-M-Pesa runs Weka Weka campaign to encourage savings on mobile platform

Published 15 May 2019 11:12 CET | Kenya
The Kenya Commercial Bank (KCB) has begun a financial literacy initiative to drive up savings, under the name Weka Weka. The KCB ...

Safaricom plans to take Fuliza service to 7 more countries

Published 19 Mar 2019 10:28 CET | Kenya
Kenyan operator Safaricom has announced plans to take its M-Pesa overdraft service, Fuliza, to seven other African countries, ...

Safaricom overdraft service reaches 1 mln users in 8 days, CEO would welcome any Telkom takeover by Airtel

Published 18 Jan 2019 10:03 CET | Kenya
Safaricom has signed up 1 million users for the overdraft feature on the M-Pesa platform in the eight days since its launch, ...

App pushes Barclays Kenya loan applications to 10,000 per day from 5,000 per month

Published 14 Jan 2019 11:19 CET | Kenya
Barclays Bank of Kenya's mobile loan service Timiza has increased the lender's loan applications to 10,000 per day, thanks to ...





Calendar   /   Industry Events

19 Oct Capacity Europe 2020
20 Oct Tele2 Q3 2020
20 Oct A1 Telekom Austria Group Q3 2020
20 Oct Netflix Q3 2020
20 Oct Calix Q3
20 Oct Snap Q3
20 Oct America Movil Q3 2020
20 Oct 6G Symposium
21 Oct Telia Q3 2020
21 Oct Crown Castle Q3
21 Oct Netgear Q3 2020
21 Oct Ericsson Q3 2020
21 Oct Telenor Q3 2020
21 Oct DNA Q3 2020
21 Oct Verizon Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct AT&T Q3 2020
22 Oct Rogers Q3 2020
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct Nordic Entertainment Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Intel Q3 2020
23 Oct Doro Q3 2020
23 Oct Airtel Africa H1 results
23 Oct Orange Belgium Q3 2020
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct CCW Europe 2020
::: More Calendar Items