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Kenya
Tuesday, May 26, 2020

Loans

Mwananchi Credit Launches Car Trade-in Loans

Car Trade-in Loans Mwananchi Credit Ltd, the leading microcredit lender in Kenya, has expanded its asset-financing loan service to include financing trade-in of cars. Mwananchi Credit says the car trade-in loans targets car owners who wish to trade-in old cars for...

Interest Cap Law Locks Out 1.2m Small Businesses and Individual Borrowers – KBA

The Kenya Bankers Association (KBA) has made public its third report on the effect of the interest capping law which prohibits banks to price loans at four percent above the Central Bank Rate (CBR). The report indicates that the interest...

Oigara: cap on interest rates in Kenya should be scrapped

KCB chief executive officer has backed the scrapping of the law that capped interest rates in Kenya at 14 per cent. While speaking when he released the end of year results for the bank, Mr. Oigara said that KCB was...

7 Easy Steps Of Accessing Youth Fund In Kenya

The Youth Enterprise Development Fund is a fund set aside by the government to provide affordable loans to youths  interested in undertaking business. The fund offers startup loans targeting youths who are in registered groups. Below are seven steps on how...

7 Most Foolish Ways To Pay Off Your Debts

The stress of being deeply in debt can cause smart people to make foolish decisions – but you don’t have to. Are you feeling trapped by your financial struggles? Discover the five worst ways to pay off debt, and learn...

Co-op Bank gives Sh. 8.7 billion loans via mobile phones

Co-operative Bank has seen a rise in the amount of loans it has been giving out through its mobile phone lending platform. In the period ended June 2017, Co-operative Bank saw its mobile loans hit Sh. 8.7 billion. This reflected a...

Equity Bank to stop giving salary loans

Equity Bank is set to stop giving out salary loans under its docket for unsecured and micro loans. This is a move that is expected to affect salaried workers and owners of small businesses. According to Kenya's Business Daily, the bank...

Kenya’s Leading SACCOS that can speed up your Business Growth

This is how SACCOs work – You become a member, set your saving goal and start saving. Let’s say you start today and target to save Ksh50,000 ($500) in the next 10 months. After you reach that target, your...

How Co-op Bank funded Two Rivers mall

Co-operative Bank was among the top financiers that saw the birth of East Africa's largest mall, Two Rivers. It has emerged that Co-operative Bank gave the project a loan of Sh. 9.2 billion. This follows a revelation that is set...

Banks go slow on lending as loan defaults rise

Kenyan banks have gone slow on offering credit as more borrowers default on their loan repayments. According to data from Central Bank of Kenya (CBK) banks increased requests for credit information by over 100 per cent last year. Bank credit report...
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Safaricom Foundation Funds Water Projects in Nairobi Settlements

An estimated 90,000 people in Korogocho, Kawangware, Kibra and Mathare are set to benefit from Safaricom Foundation funded water...
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Online Writing is the Real Deal

Online Writing is the Real Deal My Journey! “Should I buy you airtime to make calls and chat your girlfriends, or should I save up...

9 reasons why you should buy a new car in Kenya

Buying a New Car in Kenya: Buying a new car is an exciting experience. You visit both offline and online car dealerships in a...

BuyRentKenya Traffic Rebounds After Nationwide Lock Down

BuyRentKenya: Traffic to property portals in Kenya like BuyRentKenya rebound after dropping in March when the first case of the coronavirus was announced in...

Equity Bank cancels Sh. 9.4 billion dividend payout over coronavirus

Equity Bank Dividend: Equity Bank has cancelled its Sh. 9.4 billion dividend payout to shareholders. This decision comes in the wake of fears over...