Friday, 19 August 2016

KCB-MPesa loans hit over Sh25 million daily | The Star, Kenya

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Kenyans are borrowing between 25 and 30 million daily through the mobile-based KCB-Mpesa credit line, Safaricom and Kenya Commercial Bank have said.

The two firms, which jointly operate the savings and micro-credit platform, said the total loans advanced so far since the launch of the service in March 2015 was Sh10.3 billion.

Total savings currently held in the 6.4 million KCB-M-Pesa accounts have reached Sh286.1 million.

From KCB-MPesa loans hit over Sh25 million daily | The Star, Kenya

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