fbpx
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
  • Fiction
    • Short Stories & Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Travel
  • Entertainment
No Result
View All Result
  • Login
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
  • Fiction
    • Short Stories & Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Travel
  • Entertainment
No Result
View All Result
  • Login
Potentash
No Result
View All Result
Image from: http://www.kenyatravelguide.co.ke/how-to/kcb-mpesa-loan.html

Image from: http://www.kenyatravelguide.co.ke/how-to/kcb-mpesa-loan.html

KCB – Mpesa Customers Now Have More Borrowing Options After App Revamp

Dennis Peters by Dennis Peters
December 18, 2018
in Brands, Business, Business Finance, Technology
Reading Time: 3 mins read
524 16
1
648
SHARES
3.6k
VIEWS
FacebookTwitterWhatsApp

Mobile banking has increasingly grown in the country in the last few years. Most Kenyans have grown fond of mobile banking because of its accessibility and efficiency. On March 2015, the Kenya Commercial Bank partnered with Safaricom and introduced the mobile banking platform, KCB-Mpesa. Since then, the customer base grew from four million to fourteen million and is constantly increasing. The platform enabled users an opportunity to save, borrow and transact money from anywhere in the country. The revamp of KCB-Mpesa at Radisson Blu, Nairobi was attended by the ICT Cabinet Secretary, Hon. Joe Mucheru; KCB Group CEO, Joshua Oigara and Safaricom CEO, Bob Collymore.

 

Image courtesy of KCB-Mpesa

The new and improved platform will:-

  1. Have faster transaction speeds – Customers will have an easier time accessing loans offered at 4.08% interest rate.
  2. Enable same day borrowing, repayment and borrowing again – Operations will have close to real-time processing speeds.
  3. Have more borrowing and saving options – Customers will be able to open a target savings account and top up the same day. They will also receive the same amount of money borrowed with the interest to be added on top on repayment.
  4. More augmented features – Customers will be able to rollover their outstanding loans by a month thereby increasing the options and time to pay back the loan.
  5. Top-up loans – This feature will give customers the capability to borrow multiple loans without necessarily clearing the old outstanding loans in the same month.
  6. Holiday Season Promotion – The holiday season promotion will run from 18th December 2018 to 17th January 2019 for thirty-one days. The promotion will enable customers to borrow loans at 0% interest for every week provided the loan is paid back by midnight the same day.
  7. The Fixed Deposit and Target Saving Accounts – The fixed deposit account will allow customers to lock up their savings for up to twelve months while the target savings account will enable them to set personal financial targets and make deposits toward achieving them. With either any of the two, customers will earn an interest of up to 6.3%.

The KCB Group CEO pointed out the bank’s commitment to embrace innovation and digitization to constantly keep up with the realm of banking operations. KCB-Mpesa moved to the new system a month ago and has since then served over a million customers and disbursed at least seven billion shillings. Today customers can access loans from as low as KES. 50 to  KES. 1,000,000.

 

Image from: http://www.kenyatravelguide.co.ke/how-to/kcb-mpesa-loan.html

 

To activate and start using KCB-Mpesa;

  • Open the Safaricom Tool Kit.
  • Select the KCB-Mpesa menu.
  • Select loans and savings.
  • Select KCB-Mpesa.
  • Select the activation menu.

To read more on Mobile Banking here is Investing In Africa’s Mobile Money Innovations: FT Africa Payments Innovation Summit.

Share259Tweet162SendShare45Pin58
Previous Post

Health: 5 Unhygienic Habits You Need To Stop Today

Next Post

Lessons From Traveling On A Budget

Dennis Peters

Dennis Peters

I am a writer, editor, a digital storyteller and an explorer. I am one of the two contributors to the website https://dennispeters.blog. Wannabe novelist and often distracted by fiction that is laden in mystery and dark humour.

Next Post
Group travel. Image from http://volaretravel.com/group-travel/

Lessons From Traveling On A Budget

Please login to join discussion

Recommended

From Stairs To Ramps: Wounds That Turned Into Scars

June 24, 2019
566
Image from  https://buff.ly/2zxpukj. Creator: Jacom Stephens 
Copyright:©2009 Avid Creative, Inc.
Information extracted from IPTC Photo Metadata.

I Should Have Read The Signs That He Just Wasn’t That Into Me But I Was Wrapped Up in The Fantasy That We Were Meant To Be

May 29, 2020
7.3k

Popular Stories

  • Pregnant black woman on hospital bed image from https://www.everydayhealth.com/congestive-heart-failure/guide/

    The Singlehood Series: How I Drove My Boyfriend’s Pregnant Girlfriend To Deliver Their Baby Without Knowing

    1804 shares
    Share 722 Tweet 451
  • The Cologne Scent I Breathed In At The Supermarket Reminded Me Of Love Lost And The Regrets I Had Over Leaving The Love Of My Life

    190 shares
    Share 76 Tweet 48
  • He Proposed That I Should Become His Mistress – What Could Possibly Go Wrong?

    1049 shares
    Share 420 Tweet 262
  • He Dumped Her Because He Wasn’t Ready For A Long Term Commitment But Ended Up Proposing To Her Best Friend

    212 shares
    Share 85 Tweet 53
  • The Singlehood Series: She Asked Him For An Open Relationship But She Didn’t Expect The Turn Of Events

    489 shares
    Share 196 Tweet 122

Potentash Blog

Potentash

Potentash is an award-winning lifestyle blog. We publish lifestyle content that intersects with health, women, beauty, travel, business, relationships, finances and entertainment.

Categories

  • Ethics Statement
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2022. Potentash, In Partnership with Decima

  • Login
No Result
View All Result
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
  • Fiction
    • Short Stories & Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Travel
  • Entertainment

Copyright © 2022. Potentash, In Partnership with Decima

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In