Kenya Commercial Bank (KCB) and Equity Bank, the two biggest banks in Kenya, noted that the bulk of their loans are currently being issued via mobile phones. According to Equity Bank chief executive James Mwangi, the institution receives between 20,000 and 50,000 loan applications via mobile ...
The best mobile online loans in Kenya come in three forms; those that are promoted by loan companies, those that are created by banks, and those that are promoted by mobile telecom companies. These loan services have become quite popular in Kenya, and other countries; they are part of the ...
the task can be achieved via a mobile phone. In Kenya, there are currently a number of online platforms where you can obtain unsecured loans as quickly as possible. Interestingly, the term “unsecured’’ means you’re
On Tuesday, two BNPL products were launched with consumers grappling with sky-high inflation being offered options of buying some assets but paying in instalments. Read:Safaricom unveils Sh100,000 interest-free M-Pesa loans “In Kenya with the high taxes, the net disposable income will...
It will punish defaulters and borrowers who take more than the set 30 days to clear their M-Shwari loans. NCBA has reaped huge rewards from pioneering mobile phone-based lending in Kenya after teaming up with telecoms operator Safaricom in 2012 to launch the dominant service, M-Shwari...
STEP 1 – Download SC Mobile in your Country from the App store and Google Play store. Search ‘SC Mobile Kenya’. STEP 2 – Apply for a new account by selecting ‘Apply for Products’. You may select both a Savings Account and a Current Account. You will need to be 18 years or ol...
Tens of unregulated microlenders have invested in Kenya’s credit market in response to the growth in demand for quick loans. Their proliferation has saddled borrowers with high interest rates, which rise up to 520 percent when annualised, leading to mounting defaults and an ever ballooning numbe...
platform that offers you tools to make your life easier. These tools are designed to give you freedom, choice and control. Get all your banking services and manage your money with ease. Send money, pay bills, pay for goods & services. You can also apply for instant loans on your phone....
AI in Kenya: Research Report on Public Awareness, Attitudes, and Expectations Follow Us GeoPoll is a member of the following organizations. In addition, GeoPoll has successfully participated in IRB processes at institutions and universities to ensure that survey research is conducted with the highest...
Mobile phone lenders will from September be required to disclose the total charges for their loans, including interest rates, late payment and rollover fees, before disbursing credit to customers. The requirement to disclose hidden charges is part of the conditions for fresh licensing of ...