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KCB opens door to CRB-listed Kenyans, offers Sh. 30 billion mobile loans

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KCB Mobile Loans: Kenya Commercial Bank has announced that is has set aside Sh. 30 billion for lending to Kenyans, including those who were listed on CRB for failing to repay small amounts.

These funds will be available through the KCB mobile lending platform KCB M-Pesa. According to KCB chief executive officer Joshua Oigara, the bank will extend borrowing limits and repayment periods for customers who qualify and those with existing loans during the next 90 days.

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“We shall open credit limits to those customers who had been listed because of defaulting on small amounts, but who are now repaying their loans. Customers who need relief are advised to get in touch with us to work out the respective support areas,” said Mr Oigara. He added that the bank will foot the legal costs associated with the loan restructuring.

“We have a role to continue supporting the economy and stimulating growth. The best remedy as our economy starts to slow down is to support our customers to get along with their lives, and to protect jobs by providing additional lending. We have been in crises before, but if we pull together, even in this environment, we will get the solutions Kenya needs,” Oigara said on the KCB mobile loans.

20 COMMENTS

  1. I have completed paying my previous loan though I paid late,and upto now I have not been given another loan,what should I do

    • Kcb is just playing stupid pr games. I cleared my loan in July last year and am not even on CRB, but they keep saying I missed a payment. And of course they charge Shylock interest 90% per annum while giving you 6% per annum. Bure kabisa.

  2. The offer is not working i have tried but turned down citing late loan repayment yet I have never borrowed through KCB mpesa

  3. Ipaid my loan last year but they deny me loan saying ipaid late,I wait for 90 days and are over,,,what happened????

  4. Dear WALTER ANOLD OTUNDO, your loan request has been declined due to a previous KCB M-PESA late loan repayment. Someone borrowed through my account and I explained these but I paid in full why these again?

  5. I repaid my loan though though laye I have been trying to get another loan without success. What do I need to do

  6. I finished paying my loan to Barclays bank year more two years ago n before that I had been listed under crb for defaulting but after paying I’m still told by kcb that I can’t be loaned due to bad crb status and yet I don’t have any debt with any bank.what is the way forward.

  7. Can they give you a loan which can help one be cleared from CRB and the balance be given to the individual

  8. I have cleared my loan but every time I reapply I am told my application is declined due to either late payment or I have a defaulted loan with another institution and that I should consult CRB. When I consult them I am informed that I am negatively listed by nil.

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