HomeArticlesKCB-Mpesa Opens up Lending to CRB Blacklisted Customers
KCB-Mpesa Opens up Lending to CRB Blacklisted Customers
May 20, 2020
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KCB is now opening up mobile lending to customers who were previously locked out because of CRB status.
Discussions between the Kenya Commercial Bank, Safaricom, and President Uhuru Kenyatta have resulted in the groundbreaking announcement that the lenders will be helping their customers to access cheaper loans using a Sh 30 billion stimulus fund to help Kenyans cope with the effects of the Coronavirus pandemic.
The Sh 30 billion will be lent to KCB Mpesa customers over the next three months.
Existing KCB Mpesa customers will enjoy higher borrowing limits while those who had been locked out because of their CRB status may be allowed to borrow. Borrowers may also benefit from longer repayment periods.
KCB Group CEO Joshua Oigara said that the firm was working to support the economy and protect jobs.
Oigara called on customers who needed relief to get in touch with the bank.